KOPN vs VATE: Correlation
Kopin Corporation (KOPN) and INNOVATE Corp. (VATE) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KOPN and VATE?
Across a 3-year window, the weekly returns of KOPN and VATE correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 5223.4 %².
By 3-year correlation, VATE places #6 of the 15 assets tracked against KOPN. Their recent paths diverged sharply: over the last 12 months KOPN outperformed by 77.3 percentage points (+123.1% for KOPN against +45.8% for VATE).
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.
KOPN vs VATE: side by side
| KOPN (Kopin Corporation) | VATE (INNOVATE Corp.) | |
|---|---|---|
| 1-year return | +123.1% | +45.8% |
| 5-year return | -19.9% | -79.2% |
| Volatility (ann.) | 96.8% | 122.7% |
| Beta vs S&P 500 | 2.59 | 2.14 |
| Max drawdown (3Y) | -78.3% | -81.0% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 120.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KOPN | VATE |
|---|---|---|
| 2022 | -69.7% | -49.5% |
| 2023 | +63.7% | -34.2% |
| 2024 | -33.0% | -59.8% |
| 2025 | +72.1% | -8.5% |
| 2026 | +106.0% | +71.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KOPN and VATE good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KOPN and VATE?
The KOPN/VATE correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is VATE a good diversifier for KOPN?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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
$ curl https://www.pairbook.io/api/v1/pairs/kopn-vs-vate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kopn-vs-vate/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KOPN correlations · VATE correlations
