INCR vs VCIG: Correlation
How closely do Intercure Ltd. (INCR) and VCI Global Limited (VCIG) trade together? Their weekly returns over three years give a correlation of 0.90, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCR and VCIG?
On 3 years of weekly data the INCR/VCIG correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.92) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 226606.0 %².
Within INCR's tracked universe of 10 assets, VCIG comes in at #4 by 3-year correlation. The last year tells two different stories: INCR led by 348.3 percentage points, +248.5% for INCR against -99.8% for VCIG. One caveat on sizing: VCIG is 2.3 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.
INCR vs VCIG: side by side
| INCR (Intercure Ltd.) | VCIG (VCI Global Limited) | |
|---|---|---|
| 1-year return | +248.5% | -99.8% |
| 5-year return | -10.0% | n/a |
| Volatility (ann.) | 333.4% | 754.7% |
| Beta vs S&P 500 | 1.08 | 3.93 |
| Max drawdown (3Y) | -79.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INCR | VCIG |
|---|---|---|
| 2022 | -49.1% | – |
| 2023 | -60.9% | – |
| 2024 | +23.3% | -98.4% |
| 2025 | -42.8% | -99.9% |
| 2026 | +524.2% | -91.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCR and VCIG good diversifiers for each other?
No. With a correlation of 0.90, INCR and VCIG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between INCR and VCIG?
Using weekly returns as of 2026-08-27: 0.90 over 3 years, with 0.92 over the last year and n/a over 5 years.
Is VCIG a good diversifier for INCR?
No. With a correlation of 0.90, INCR and VCIG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 mean?
A reading of 0.90 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: INCR correlations · VCIG correlations
