IPWR vs VRRM: Correlation
Ideal Power Inc. (IPWR) and Verra Mobility Corporation (VRRM) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPWR and VRRM?
Across a 3-year window, the weekly returns of IPWR and VRRM correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -963.5 %².
Among the 13 assets we track against IPWR, VRRM sits near the bottom by co-movement, at rank #12. The last year tells two different stories: IPWR led by 78.9 percentage points, -3.7% for IPWR against -82.6% for VRRM. One caveat on sizing: IPWR 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.
IPWR vs VRRM: side by side
| IPWR (Ideal Power Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | -3.7% | -82.6% |
| 5-year return | -68.3% | -71.6% |
| Volatility (ann.) | 86.2% | 50.8% |
| Beta vs S&P 500 | 1.72 | 0.33 |
| Max drawdown (3Y) | -80.0% | -87.5% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPWR | VRRM |
|---|---|---|
| 2022 | -11.3% | -10.4% |
| 2023 | -27.4% | +66.5% |
| 2024 | -2.8% | +5.0% |
| 2025 | -59.1% | -7.3% |
| 2026 | +60.5% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPWR and VRRM good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IPWR and VRRM?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and -0.12 over 5 years.
Is VRRM a good diversifier for IPWR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: IPWR correlations · VRRM correlations
