LUCY vs VSTM: Correlation
Measured on weekly returns over the past three years, Innovative Eyewear, Inc. (LUCY) and Verastem, Inc. (VSTM) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCY and VSTM?
Over the past 3 years, LUCY and VSTM moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.21 versus -0.25 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -6639.6 %².
Among the 16 assets we track against LUCY, VSTM sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with VSTM ahead by 31.1 points (-51.7% versus -20.6%). Note the risk asymmetry: LUCY runs 2.5 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.
LUCY vs VSTM: side by side
| LUCY (Innovative Eyewear, Inc.) | VSTM (Verastem, Inc.) | |
|---|---|---|
| 1-year return | -51.7% | -20.6% |
| 5-year return | n/a | -77.0% |
| Volatility (ann.) | 259.2% | 102.2% |
| Beta vs S&P 500 | 1.73 | 1.38 |
| Max drawdown (3Y) | -96.7% | -84.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUCY | VSTM |
|---|---|---|
| 2022 | – | -80.5% |
| 2023 | -69.2% | +69.6% |
| 2024 | -41.7% | -36.5% |
| 2025 | -79.7% | +49.3% |
| 2026 | -5.6% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCY and VSTM good diversifiers for each other?
Yes. With a correlation of -0.25, LUCY and VSTM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LUCY and VSTM?
The LUCY/VSTM correlation stands at -0.25 on a 3-year window (1 year: 0.21, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is VSTM a good diversifier for LUCY?
Yes. With a correlation of -0.25, LUCY and VSTM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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: LUCY correlations · VSTM correlations
