AEHL vs VNRX: Correlation
Antelope Enterprise Holdings Limited - Class A (AEHL) and VolitionRX Limited (VNRX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and VNRX?
On 3 years of weekly data the AEHL/VNRX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.24 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -29362.7 %².
Among the 26 assets we track against AEHL, VNRX ranks #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AEHL ahead by 22.7 points (-73.6% versus -96.3%). One caveat on sizing: AEHL is 11.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AEHL vs VNRX: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | VNRX (VolitionRX Limited) | |
|---|---|---|
| 1-year return | -73.6% | -96.3% |
| 5-year return | -99.9% | -99.2% |
| Volatility (ann.) | 1193.4% | 101.1% |
| Beta vs S&P 500 | 1.91 | 0.87 |
| Max drawdown (3Y) | -100.0% | -98.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | VNRX |
|---|---|---|
| 2022 | -62.9% | -22.6% |
| 2023 | -56.1% | -70.4% |
| 2024 | -91.1% | -16.7% |
| 2025 | -80.8% | -56.7% |
| 2026 | -52.1% | -90.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and VNRX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AEHL and VNRX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.22 over 5 years.
Is VNRX a good diversifier for AEHL?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/aehl-vs-vnrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aehl-vs-vnrx/)
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Related comparisons
Hubs: AEHL correlations · VNRX correlations
