NCPL vs VCIG: Correlation
Measured on weekly returns over the past three years, Netcapital Inc. (NCPL) and VCI Global Limited (VCIG) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCPL and VCIG?
On 3 years of weekly data the NCPL/VCIG correlation comes out at 0.52, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.52). The 5-year figure is n/a, and annualized covariance runs at 60093.5 %².
Few assets follow NCPL as closely as VCIG, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months NCPL outperformed by 25.4 percentage points (-74.4% for NCPL against -99.8% for VCIG). Risk is not evenly split, since VCIG carries 4.9 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.
NCPL vs VCIG: side by side
| NCPL (Netcapital Inc.) | VCIG (VCI Global Limited) | |
|---|---|---|
| 1-year return | -74.4% | -99.8% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 152.6% | 754.7% |
| Beta vs S&P 500 | 1.81 | 3.93 |
| Max drawdown (3Y) | -99.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCPL | VCIG |
|---|---|---|
| 2022 | -90.0% | – |
| 2023 | -85.9% | – |
| 2024 | -86.0% | -98.4% |
| 2025 | -68.3% | -99.9% |
| 2026 | -18.4% | -91.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCPL and VCIG good diversifiers for each other?
Only partially. A correlation of 0.52 means NCPL and VCIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NCPL and VCIG?
As of 2026-08-27, the correlation of weekly returns between NCPL and VCIG is 0.52 over 3 years, 0.67 over 1 year and n/a over 5 years.
Is VCIG a good diversifier for NCPL?
Only partially. A correlation of 0.52 means NCPL and VCIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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: NCPL correlations · VCIG correlations
