IGC vs VIVO: Correlation
IGC Pharma, Inc. (IGC) and VivoPower PLC - Class A (VIVO) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGC and VIVO?
On 3 years of weekly data the IGC/VIVO correlation comes out at 0.42, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.42). The 5-year figure is 0.36, and annualized covariance runs at 7255.2 %².
Among the 10 assets we track against IGC, VIVO ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at -25.8% for IGC and -23.8% for VIVO. One caveat on sizing: VIVO is 3.8 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.
IGC vs VIVO: side by side
| IGC (IGC Pharma, Inc.) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | -25.8% | -23.8% |
| 5-year return | -79.0% | -92.6% |
| Volatility (ann.) | 67.5% | 256.4% |
| Beta vs S&P 500 | 0.66 | 0.31 |
| Max drawdown (3Y) | -65.2% | -89.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGC | VIVO |
|---|---|---|
| 2022 | -67.3% | -91.9% |
| 2023 | -12.5% | -21.5% |
| 2024 | +21.4% | -31.1% |
| 2025 | -17.6% | +70.3% |
| 2026 | +19.3% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGC and VIVO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IGC and VIVO?
As of 2026-08-27, the correlation of weekly returns between IGC and VIVO is 0.42 over 3 years, 0.29 over 1 year and 0.36 over 5 years.
Is VIVO a good diversifier for IGC?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/igc-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/igc-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IGC correlations · VIVO correlations
