CIFR vs VIP: Correlation
Measured on weekly returns over the past three years, Cipher Digital Inc. (CIFR) and Vulcan Infrastructure and Power Inc. (VIP) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and VIP?
Over the past 3 years, CIFR and VIP moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 6408.1 %².
Within CIFR's tracked universe of 18 assets, VIP comes in at #10 by 3-year correlation. The last year tells two different stories: CIFR led by 103.3 percentage points, +139.9% for CIFR against +36.6% for VIP.
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.
CIFR vs VIP: side by side
| CIFR (Cipher Digital Inc.) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | +139.9% | +36.6% |
| 5-year return | +63.3% | -99.9% |
| Volatility (ann.) | 114.3% | 110.7% |
| Beta vs S&P 500 | 2.86 | 1.74 |
| Max drawdown (3Y) | -71.7% | -92.8% |
| Market cap | $7.0B | – |
| P/E (trailing) | – | 14.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIFR | VIP |
|---|---|---|
| 2022 | -87.9% | -98.2% |
| 2023 | +637.5% | +131.4% |
| 2024 | +12.3% | -76.9% |
| 2025 | +218.1% | -4.5% |
| 2026 | +13.6% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and VIP good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CIFR and VIP?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.49 over the last year and 0.51 over 5 years.
Is VIP a good diversifier for CIFR?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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
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Related comparisons
Hubs: CIFR correlations · VIP correlations
