MI vs VNRX: Correlation
How closely do NFT Limited Class A (MI) and VolitionRX Limited (VNRX) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MI and VNRX?
On 3 years of weekly data the MI/VNRX correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.34). The 5-year figure is 0.30, and annualized covariance runs at 151010.2 %².
Among the 32 assets we track against MI, VNRX ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MI outperformed by 86.0 percentage points (-10.3% for MI against -96.3% for VNRX). Risk is not evenly split, since MI carries 44.0 times the volatility of the other side.
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.
MI vs VNRX: side by side
| MI (NFT Limited Class A) | VNRX (VolitionRX Limited) | |
|---|---|---|
| 1-year return | -10.3% | -96.3% |
| 5-year return | -99.5% | -99.2% |
| Volatility (ann.) | 4443.9% | 101.1% |
| Beta vs S&P 500 | 8.21 | 0.87 |
| Max drawdown (3Y) | -98.5% | -98.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MI | VNRX |
|---|---|---|
| 2022 | -86.4% | -22.6% |
| 2023 | -66.2% | -70.4% |
| 2024 | -61.9% | -16.7% |
| 2025 | +13.3% | -56.7% |
| 2026 | -28.9% | -90.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MI and VNRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MI and VNRX?
As of 2026-08-27, the correlation of weekly returns between MI and VNRX is 0.34 over 3 years, 0.59 over 1 year and 0.30 over 5 years.
Is VNRX a good diversifier for MI?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/mi-vs-vnrx.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MI correlations · VNRX correlations
