DCOY vs VNRX: Correlation
How closely do Decoy Therapeutics Inc. (DCOY) and VolitionRX Limited (VNRX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCOY and VNRX?
On 3 years of weekly data the DCOY/VNRX correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.39). The 5-year figure is 0.32, and annualized covariance runs at 4699.0 %².
Few assets follow DCOY as closely as VNRX, which ranks #2 of 10 tracked partners. Twelve-month performance is nearly a tie, at -95.8% for DCOY and -96.3% for VNRX.
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.
DCOY vs VNRX: side by side
| DCOY (Decoy Therapeutics Inc.) | VNRX (VolitionRX Limited) | |
|---|---|---|
| 1-year return | -95.8% | -96.3% |
| 5-year return | -100.0% | -99.2% |
| Volatility (ann.) | 120.2% | 101.1% |
| Beta vs S&P 500 | 1.56 | 0.87 |
| Max drawdown (3Y) | -99.8% | -98.7% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCOY | VNRX |
|---|---|---|
| 2022 | -87.7% | -22.6% |
| 2023 | -57.5% | -70.4% |
| 2024 | -64.6% | -16.7% |
| 2025 | -97.6% | -56.7% |
| 2026 | -61.9% | -90.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCOY and VNRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DCOY and VNRX?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.56 over the last year and 0.32 over 5 years.
Is VNRX a good diversifier for DCOY?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcoy-vs-vnrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dcoy-vs-vnrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCOY correlations · VNRX correlations
