FUND vs VVX: Correlation
Measured on weekly returns over the past three years, Sprott Focus Trust, Inc. - Closed End Fund (FUND) and V2X, Inc. (VVX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and VVX?
On 3 years of weekly data the FUND/VVX correlation comes out at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.47 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 369.4 %².
By 3-year correlation, VVX places #22 of the 32 assets tracked against FUND. Twelve-month performance is nearly a tie, at +39.1% for FUND and +34.3% for VVX. One caveat on sizing: VVX is 2.5 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.
FUND vs VVX: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | VVX (V2X, Inc.) | |
|---|---|---|
| 1-year return | +39.1% | +34.3% |
| 5-year return | +83.0% | +58.1% |
| Volatility (ann.) | 17.9% | 43.9% |
| Beta vs S&P 500 | 0.77 | 0.98 |
| Max drawdown (3Y) | -18.2% | -38.9% |
| Market cap | $0.3B | $2.5B |
| P/E (trailing) | 5.8 | 26.9 |
| Dividend yield | 5.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUND | VVX |
|---|---|---|
| 2022 | -1.2% | -9.8% |
| 2023 | +6.9% | +12.5% |
| 2024 | -1.0% | +3.0% |
| 2025 | +27.5% | +14.0% |
| 2026 | +26.8% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and VVX good diversifiers for each other?
Reasonably. At 0.47, FUND and VVX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FUND and VVX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.27 over the last year and 0.45 over 5 years.
Is VVX a good diversifier for FUND?
Reasonably. At 0.47, FUND and VVX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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: FUND correlations · VVX correlations
