CHGA vs VNDA: Correlation
Change Agents Corporation (CHGA) and Vanda Pharmaceuticals Inc. (VNDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHGA and VNDA?
On 3 years of weekly data the CHGA/VNDA correlation comes out at 0.35, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.35). The 5-year figure is 0.29, and annualized covariance runs at 3306.4 %².
Among the 10 assets we track against CHGA, VNDA ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VNDA outperformed by 111.4 percentage points (-93.7% for CHGA against +17.7% for VNDA). One caveat on sizing: CHGA is 2.4 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.
CHGA vs VNDA: side by side
| CHGA (Change Agents Corporation) | VNDA (Vanda Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -93.7% | +17.7% |
| 5-year return | -99.9% | -67.8% |
| Volatility (ann.) | 148.9% | 63.1% |
| Beta vs S&P 500 | 0.96 | 0.55 |
| Max drawdown (3Y) | -99.3% | -48.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | 0.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHGA | VNDA |
|---|---|---|
| 2022 | -36.6% | -52.9% |
| 2023 | -90.7% | -42.9% |
| 2024 | -55.0% | +13.5% |
| 2025 | -63.2% | +84.1% |
| 2026 | -89.1% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHGA and VNDA good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHGA and VNDA?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.54 over the last year and 0.29 over 5 years.
Is VNDA a good diversifier for CHGA?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/chga-vs-vnda.json
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Related comparisons
Hubs: CHGA correlations · VNDA correlations
