LAES vs VIRC: Correlation
How closely do SEALSQ Corp (LAES) and Virco Manufacturing Corporation (VIRC) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and VIRC?
Across a 3-year window, the weekly returns of LAES and VIRC correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.21 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -3331.1 %².
VIRC is close to the least connected end of LAES's tracked universe, ranking #22 of 26. Correlation aside, the last 12 months split them widely, with LAES ahead by 25.4 points (-4.4% versus -29.8%). One caveat on sizing: LAES is 4.3 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.
LAES vs VIRC: side by side
| LAES (SEALSQ Corp) | VIRC (Virco Manufacturing Corporation) | |
|---|---|---|
| 1-year return | -4.4% | -29.8% |
| 5-year return | n/a | +64.8% |
| Volatility (ann.) | 261.5% | 60.8% |
| Beta vs S&P 500 | 1.57 | 1.09 |
| Max drawdown (3Y) | -94.5% | -69.5% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | VIRC |
|---|---|---|
| 2022 | – | +50.2% |
| 2023 | – | +166.6% |
| 2024 | +380.5% | -14.2% |
| 2025 | -38.5% | -36.9% |
| 2026 | -31.0% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and VIRC good diversifiers for each other?
Yes. With a correlation of -0.21, LAES and VIRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LAES and VIRC?
As of 2026-08-27, the correlation of weekly returns between LAES and VIRC is -0.21 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is VIRC a good diversifier for LAES?
Yes. With a correlation of -0.21, LAES and VIRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/laes-vs-virc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/laes-vs-virc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAES correlations · VIRC correlations
