ACHR vs SPCE: Correlation
Archer Aviation Inc. (ACHR) and Virgin Galactic Holdings, Inc. (SPCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHR and SPCE?
On 3 years of weekly data the ACHR/SPCE correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.51 over 3. The 5-year figure is 0.48, and annualized covariance runs at 4463.1 %².
By 3-year correlation, SPCE places #12 of the 26 assets tracked against ACHR. Correlation aside, the last 12 months split them widely, with SPCE ahead by 32.3 points (-35.2% versus -2.9%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACHR vs SPCE: side by side
| ACHR (Archer Aviation Inc.) | SPCE (Virgin Galactic Holdings, Inc.) | |
|---|---|---|
| 1-year return | -35.2% | -2.9% |
| 5-year return | -40.7% | -99.4% |
| Volatility (ann.) | 87.9% | 100.5% |
| Beta vs S&P 500 | 3.18 | 2.82 |
| Max drawdown (3Y) | -67.4% | -96.0% |
| Market cap | $4.6B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHR | SPCE |
|---|---|---|
| 2022 | -69.0% | -74.0% |
| 2023 | +228.3% | -29.6% |
| 2024 | +58.8% | -88.0% |
| 2025 | -22.9% | -45.4% |
| 2026 | -21.1% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHR and SPCE good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACHR and SPCE?
As of 2026-08-27, the correlation of weekly returns between ACHR and SPCE is 0.51 over 3 years, 0.47 over 1 year and 0.48 over 5 years.
Is SPCE a good diversifier for ACHR?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/achr-vs-spce.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/achr-vs-spce/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACHR correlations · SPCE correlations
