COYA vs VNO: Correlation
Coya Therapeutics, Inc. (COYA) and Vornado Realty Trust (VNO) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COYA and VNO?
Over the past 3 years, COYA and VNO moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.39 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1002.6 %².
Within COYA's tracked universe of 12 assets, VNO comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VNO ahead by 31.0 points (-25.9% versus +5.1%). One caveat on sizing: COYA is 1.7 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.
COYA vs VNO: side by side
| COYA (Coya Therapeutics, Inc.) | VNO (Vornado Realty Trust) | |
|---|---|---|
| 1-year return | -25.9% | +5.1% |
| 5-year return | n/a | +8.4% |
| Volatility (ann.) | 66.2% | 39.1% |
| Beta vs S&P 500 | 1.33 | 1.34 |
| Max drawdown (3Y) | -62.9% | -43.9% |
| Market cap | $0.1B | $7.7B |
| P/E (trailing) | – | 1290.7 |
| Dividend yield | 0.00% | 1.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COYA | VNO |
|---|---|---|
| 2022 | – | -46.7% |
| 2023 | +56.4% | +39.5% |
| 2024 | -22.7% | +51.3% |
| 2025 | +1.2% | -19.1% |
| 2026 | -16.2% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COYA and VNO good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COYA and VNO?
As of 2026-08-27, the correlation of weekly returns between COYA and VNO is 0.39 over 3 years, 0.14 over 1 year and 0.28 over 5 years.
Is VNO a good diversifier for COYA?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/coya-vs-vno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coya-vs-vno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COYA correlations · VNO correlations
