D vs VANI: Correlation
Measured on weekly returns over the past three years, Dominion Energy (D) and Vivani Medical, Inc. (VANI) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and VANI?
Over the past 3 years, D and VANI moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.29) than the 3-year average (-0.18). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -465.0 %².
By 3-year correlation, VANI places #22 of the 31 assets tracked against D. Their 12-month results are close: +15.1% for D against +14.8% for VANI. Note the risk asymmetry: VANI runs 6.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
D vs VANI: side by side
| D (Dominion Energy) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +15.1% | +14.8% |
| 5-year return | +6.1% | -87.4% |
| Volatility (ann.) | 20.5% | 123.8% |
| Beta vs S&P 500 | 0.18 | 1.29 |
| Max drawdown (3Y) | -19.1% | -77.8% |
| Market cap | $58.5B | $0.1B |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 3.99% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | D | VANI |
|---|---|---|
| 2022 | -19.1% | -82.6% |
| 2023 | -19.1% | +20.0% |
| 2024 | +20.4% | +13.7% |
| 2025 | +14.0% | +6.0% |
| 2026 | +15.9% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and VANI good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between D and VANI?
The D/VANI correlation stands at -0.18 on a 3-year window (1 year: -0.29, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for D?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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: D correlations · VANI correlations
