ECOR vs SPCE: Correlation
Measured on weekly returns over the past three years, electroCore, Inc. (ECOR) and Virgin Galactic Holdings, Inc. (SPCE) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECOR and SPCE?
Over the past 3 years, ECOR and SPCE moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.38). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 3233.4 %².
By 3-year correlation, SPCE places #6 of the 12 assets tracked against ECOR. Correlation aside, the last 12 months split them widely, with ECOR ahead by 77.9 points (+75.0% versus -2.9%).
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.
ECOR vs SPCE: side by side
| ECOR (electroCore, Inc.) | SPCE (Virgin Galactic Holdings, Inc.) | |
|---|---|---|
| 1-year return | +75.0% | -2.9% |
| 5-year return | -37.8% | -99.4% |
| Volatility (ann.) | 83.7% | 100.5% |
| Beta vs S&P 500 | 1.73 | 2.82 |
| Max drawdown (3Y) | -77.7% | -96.0% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECOR | SPCE |
|---|---|---|
| 2022 | -55.9% | -74.0% |
| 2023 | +54.4% | -29.6% |
| 2024 | +172.3% | -88.0% |
| 2025 | -72.3% | -45.4% |
| 2026 | +116.5% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECOR and SPCE good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECOR and SPCE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.49 over the last year and 0.28 over 5 years.
Is SPCE a good diversifier for ECOR?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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/ecor-vs-spce.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecor-vs-spce/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ECOR correlations · SPCE correlations
