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IRD vs VYGR: Correlation

How closely do Opus Genetics, Inc. (IRD) and Voyager Therapeutics, Inc. (VYGR) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.39
moderate
Correlation (1Y)
0.28
last 12 months
Correlation (5Y)
0.17
long-run
Ann. covariance
1690.3
%² · weekly, annualized

How correlated are IRD and VYGR?

Across a 3-year window, the weekly returns of IRD and VYGR correlate at 0.39, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.39). Stretching to 5 years gives 0.17, with an annualized covariance of 1690.3 %².

VYGR is one of the assets that tracks IRD most closely: it ranks #3 out of the 10 assets we track against IRD. The last year tells two different stories: IRD led by 219.6 percentage points, +220.8% for IRD against +1.2% for VYGR.

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.

IRD vs VYGR: side by side

IRD (Opus Genetics, Inc.)VYGR (Voyager Therapeutics, Inc.)
1-year return+220.8%+1.2%
5-year return-11.9%+7.5%
Volatility (ann.)71.4%60.2%
Beta vs S&P 5000.631.35
Max drawdown (3Y)-82.6%-74.8%
Market cap$0.3B$0.2B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: VYGR -74.8% vs -82.6%Higher 5y return: VYGR +7.5% vs -11.9%
-28%0%+353%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). IRD · VYGR

Year-by-year returns

YearIRDVYGR
2022-5.4%+125.1%
2023-14.7%+38.4%
2024-60.5%-32.8%
2025+68.9%-30.7%
2026+91.5%-12.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are IRD and VYGR good diversifiers for each other?

Reasonably. At 0.39, IRD and VYGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between IRD and VYGR?

The IRD/VYGR correlation stands at 0.39 on a 3-year window (1 year: 0.28, 5 years: 0.17), computed from weekly returns as of 2026-08-27.

Is VYGR a good diversifier for IRD?

Reasonably. At 0.39, IRD and VYGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

What does a correlation of 0.39 mean?

A reading of 0.39 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

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IRD vs VYGR: 3-year weekly correlation 0.39IRD vs VYGR0.39

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Related comparisons

Hubs: IRD correlations · VYGR correlations