INLX vs VANI: Correlation
Measured on weekly returns over the past three years, Intellinetics, Inc. (INLX) and Vivani Medical, Inc. (VANI) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INLX and VANI?
Over the past 3 years, INLX and VANI moved with a correlation of 0.27, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.27 over 3 years. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 1998.6 %².
In INLX's tracked universe of 24 assets, VANI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with VANI ahead by 61.2 points (-46.4% versus +14.8%). Note the risk asymmetry: VANI runs 2.1 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.
INLX vs VANI: side by side
| INLX (Intellinetics, Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -46.4% | +14.8% |
| 5-year return | +7.4% | -87.4% |
| Volatility (ann.) | 60.0% | 123.8% |
| Beta vs S&P 500 | -0.07 | 1.29 |
| Max drawdown (3Y) | -65.9% | -77.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INLX | VANI |
|---|---|---|
| 2022 | -43.5% | -82.6% |
| 2023 | +18.5% | +20.0% |
| 2024 | +171.7% | +13.7% |
| 2025 | -42.0% | +6.0% |
| 2026 | -34.2% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INLX and VANI good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INLX and VANI?
As of 2026-08-27, the correlation of weekly returns between INLX and VANI is 0.27 over 3 years, 0.06 over 1 year and 0.16 over 5 years.
Is VANI a good diversifier for INLX?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inlx-vs-vani.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inlx-vs-vani/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INLX correlations · VANI correlations
