GRML vs VCIG: Correlation
How closely do Greenland Mines Ltd (GRML) and VCI Global Limited (VCIG) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRML and VCIG?
Over the past 3 years, GRML and VCIG moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 954668.9 %².
By 3-year correlation, VCIG places #4 of the 10 assets tracked against GRML. The last year tells two different stories: GRML led by 720.3 percentage points, +620.5% for GRML against -99.8% for VCIG. Note the risk asymmetry: GRML runs 2.0 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.
GRML vs VCIG: side by side
| GRML (Greenland Mines Ltd) | VCIG (VCI Global Limited) | |
|---|---|---|
| 1-year return | +620.5% | -99.8% |
| 5-year return | -46.8% | n/a |
| Volatility (ann.) | 1495.4% | 754.7% |
| Beta vs S&P 500 | 2.17 | 3.93 |
| Max drawdown (3Y) | -99.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRML | VCIG |
|---|---|---|
| 2023 | +6.3% | – |
| 2024 | -95.5% | -98.4% |
| 2025 | -40.4% | -99.9% |
| 2026 | +1720.1% | -91.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRML and VCIG good diversifiers for each other?
No: a correlation of 0.85 means GRML and VCIG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GRML and VCIG?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.89 over the last year and n/a over 5 years.
Is VCIG a good diversifier for GRML?
No: a correlation of 0.85 means GRML and VCIG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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: GRML correlations · VCIG correlations
