CRDF vs VANI: Correlation
How closely do Cardiff Oncology, Inc. (CRDF) and Vivani Medical, Inc. (VANI) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDF and VANI?
Across a 3-year window, the weekly returns of CRDF and VANI correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.44 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 5481.1 %².
VANI is one of the assets that tracks CRDF most closely: it ranks #3 out of the 13 assets we track against CRDF. The last year tells two different stories: VANI led by 69.4 percentage points, -54.6% for CRDF against +14.8% for VANI.
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.
CRDF vs VANI: side by side
| CRDF (Cardiff Oncology, Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -54.6% | +14.8% |
| 5-year return | -86.7% | -87.4% |
| Volatility (ann.) | 100.0% | 123.8% |
| Beta vs S&P 500 | 1.60 | 1.29 |
| Max drawdown (3Y) | -86.3% | -77.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDF | VANI |
|---|---|---|
| 2022 | -76.7% | -82.6% |
| 2023 | +5.7% | +20.0% |
| 2024 | +193.2% | +13.7% |
| 2025 | -35.3% | +6.0% |
| 2026 | -64.9% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDF and VANI good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRDF and VANI?
The CRDF/VANI correlation stands at 0.44 on a 3-year window (1 year: 0.29, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for CRDF?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: CRDF correlations · VANI correlations
