CC vs VANI: Correlation
How closely do Chemours Company (The) (CC) and Vivani Medical, Inc. (VANI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CC and VANI?
Across a 3-year window, the weekly returns of CC and VANI correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.26 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -1897.8 %².
Out of 13 assets tracked against CC, VANI lands near the bottom at #11. Over the last 12 months VANI came out ahead by 8.3 percentage points (+6.5% against +14.8%). Note the risk asymmetry: VANI runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CC vs VANI: side by side
| CC (Chemours Company (The)) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +6.5% | +14.8% |
| 5-year return | -44.8% | -87.4% |
| Volatility (ann.) | 59.7% | 123.8% |
| Beta vs S&P 500 | 1.61 | 1.29 |
| Max drawdown (3Y) | -70.9% | -77.8% |
| Market cap | $2.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CC | VANI |
|---|---|---|
| 2022 | -6.0% | -82.6% |
| 2023 | +6.5% | +20.0% |
| 2024 | -44.0% | +13.7% |
| 2025 | -27.6% | +6.0% |
| 2026 | +36.6% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CC and VANI good diversifiers for each other?
Yes. With a correlation of -0.26, CC and VANI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CC and VANI?
As of 2026-08-27, the correlation of weekly returns between CC and VANI is -0.26 over 3 years, -0.10 over 1 year and -0.12 over 5 years.
Is VANI a good diversifier for CC?
Yes. With a correlation of -0.26, CC and VANI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cc-vs-vani.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CC correlations · VANI correlations
