CVKD vs VNCE: Correlation
Measured on weekly returns over the past three years, Cadrenal Therapeutics, Inc. (CVKD) and Vince Holding Corp. (VNCE) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVKD and VNCE?
Over the past 3 years, CVKD and VNCE moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5558.9 %².
Within CVKD's tracked universe of 10 assets, VNCE comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VNCE outperformed by 538.8 percentage points (-88.8% for CVKD against +450.0% for VNCE). One caveat on sizing: VNCE is 1.8 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.
CVKD vs VNCE: side by side
| CVKD (Cadrenal Therapeutics, Inc.) | VNCE (Vince Holding Corp.) | |
|---|---|---|
| 1-year return | -88.8% | +450.0% |
| 5-year return | n/a | +11.6% |
| Volatility (ann.) | 94.8% | 166.2% |
| Beta vs S&P 500 | 1.51 | 1.03 |
| Max drawdown (3Y) | -94.4% | -74.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVKD | VNCE |
|---|---|---|
| 2022 | – | -1.8% |
| 2023 | – | -55.8% |
| 2024 | +30.5% | +5.2% |
| 2025 | -53.2% | +12.1% |
| 2026 | -76.9% | +91.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVKD and VNCE good diversifiers for each other?
Reasonably. At 0.35, CVKD and VNCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVKD and VNCE?
The CVKD/VNCE correlation stands at 0.35 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VNCE a good diversifier for CVKD?
Reasonably. At 0.35, CVKD and VNCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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: CVKD correlations · VNCE correlations
