CALY vs VRCA: Correlation
Measured on weekly returns over the past three years, Callaway Golf Company (CALY) and Verrica Pharmaceuticals Inc. (VRCA) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALY and VRCA?
Over the past 3 years, CALY and VRCA moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.40). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 2656.9 %².
Within CALY's tracked universe of 16 assets, VRCA comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CALY ahead by 68.0 points (+57.6% versus -10.4%). Risk is not evenly split, since VRCA carries 2.2 times the volatility of the other side.
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.
CALY vs VRCA: side by side
| CALY (Callaway Golf Company) | VRCA (Verrica Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | +57.6% | -10.4% |
| 5-year return | -45.7% | -95.4% |
| Volatility (ann.) | 55.5% | 119.4% |
| Beta vs S&P 500 | 1.11 | 1.72 |
| Max drawdown (3Y) | -68.1% | -96.6% |
| Market cap | $2.8B | $0.1B |
| P/E (trailing) | 36.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALY | VRCA |
|---|---|---|
| 2022 | -28.0% | -70.0% |
| 2023 | -27.4% | +166.2% |
| 2024 | -45.2% | -90.4% |
| 2025 | +48.5% | +18.7% |
| 2026 | +32.3% | -39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALY and VRCA good diversifiers for each other?
Reasonably. At 0.40, CALY and VRCA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CALY and VRCA?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.54 over the last year and 0.33 over 5 years.
Is VRCA a good diversifier for CALY?
Reasonably. At 0.40, CALY and VRCA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/caly-vs-vrca.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/caly-vs-vrca/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CALY correlations · VRCA correlations
