HRTG vs VRCA: Correlation
How closely do Heritage Insurance Holdings, Inc. (HRTG) and Verrica Pharmaceuticals Inc. (VRCA) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRTG and VRCA?
Over the past 3 years, HRTG and VRCA moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.16). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -1326.3 %².
Among the 11 assets we track against HRTG, VRCA sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months HRTG outperformed by 64.0 percentage points (+53.6% for HRTG against -10.4% for VRCA). One caveat on sizing: VRCA is 1.7 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.
HRTG vs VRCA: side by side
| HRTG (Heritage Insurance Holdings, Inc.) | VRCA (Verrica Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | +53.6% | -10.4% |
| 5-year return | +422.5% | -95.4% |
| Volatility (ann.) | 71.1% | 119.4% |
| Beta vs S&P 500 | 0.71 | 1.72 |
| Max drawdown (3Y) | -43.9% | -96.6% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | 4.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRTG | VRCA |
|---|---|---|
| 2022 | -68.6% | -70.0% |
| 2023 | +262.2% | +166.2% |
| 2024 | +85.6% | -90.4% |
| 2025 | +141.8% | +18.7% |
| 2026 | +16.7% | -39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRTG and VRCA good diversifiers for each other?
Yes. With a correlation of -0.16, HRTG and VRCA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HRTG and VRCA?
The HRTG/VRCA correlation stands at -0.16 on a 3-year window (1 year: 0.05, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is VRCA a good diversifier for HRTG?
Yes. With a correlation of -0.16, HRTG and VRCA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/hrtg-vs-vrca.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrtg-vs-vrca/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HRTG correlations · VRCA correlations
