FRNM vs VTGN: Correlation
Freenome, Inc. (FRNM) and Vistagen Therapeutics, Inc. (VTGN) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRNM and VTGN?
Across a 3-year window, the weekly returns of FRNM and VTGN correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.24 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -473.0 %².
Among the 34 assets we track against FRNM, VTGN ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRNM ahead by 124.2 points (+32.3% versus -91.9%). Note the risk asymmetry: VTGN runs 4.3 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.
FRNM vs VTGN: side by side
| FRNM (Freenome, Inc.) | VTGN (Vistagen Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +32.3% | -91.9% |
| 5-year return | n/a | -99.7% |
| Volatility (ann.) | 21.1% | 90.2% |
| Beta vs S&P 500 | 0.03 | 0.98 |
| Max drawdown (3Y) | -29.6% | -96.6% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRNM | VTGN |
|---|---|---|
| 2022 | – | -94.9% |
| 2023 | – | +71.3% |
| 2024 | – | -42.6% |
| 2025 | +28.0% | -77.6% |
| 2026 | +7.0% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRNM and VTGN good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FRNM and VTGN?
The FRNM/VTGN correlation stands at -0.24 on a 3-year window (1 year: -0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VTGN a good diversifier for FRNM?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FRNM correlations · VTGN correlations
