BAND vs VANI: Correlation
Bandwidth Inc. (BAND) and Vivani Medical, Inc. (VANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAND and VANI?
Across a 3-year window, the weekly returns of BAND and VANI correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.41, with an annualized covariance of 5613.3 %².
Among the 15 assets we track against BAND, VANI ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BAND outperformed by 234.4 percentage points (+249.2% for BAND against +14.8% for VANI).
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.
BAND vs VANI: side by side
| BAND (Bandwidth Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +249.2% | +14.8% |
| 5-year return | -50.5% | -87.4% |
| Volatility (ann.) | 93.1% | 123.8% |
| Beta vs S&P 500 | 1.91 | 1.29 |
| Max drawdown (3Y) | -52.9% | -77.8% |
| Market cap | $1.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAND | VANI |
|---|---|---|
| 2022 | -68.0% | -82.6% |
| 2023 | -36.9% | +20.0% |
| 2024 | +17.6% | +13.7% |
| 2025 | -9.2% | +6.0% |
| 2026 | +235.6% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAND and VANI good diversifiers for each other?
Reasonably. At 0.49, BAND and VANI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BAND and VANI?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.30 over the last year and 0.41 over 5 years.
Is VANI a good diversifier for BAND?
Reasonably. At 0.49, BAND and VANI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BAND correlations · VANI correlations
