NGEN vs VRCA: Correlation
Measured on weekly returns over the past three years, NervGen Pharma Corp. (NGEN) and Verrica Pharmaceuticals Inc. (VRCA) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGEN and VRCA?
Over the past 3 years, NGEN and VRCA moved with a correlation of 0.30, which is moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.30). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 3054.9 %².
VRCA is one of the assets that tracks NGEN most closely: it ranks #1 out of the 16 assets we track against NGEN. The trailing year gives NGEN the advantage: -3.1% versus -10.4%, a 7.3-point spread.
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.
NGEN vs VRCA: side by side
| NGEN (NervGen Pharma Corp.) | VRCA (Verrica Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -3.1% | -10.4% |
| 5-year return | +44.1% | -95.4% |
| Volatility (ann.) | 84.7% | 119.4% |
| Beta vs S&P 500 | 0.57 | 1.72 |
| Max drawdown (3Y) | -73.4% | -96.6% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGEN | VRCA |
|---|---|---|
| 2022 | -44.1% | -70.0% |
| 2023 | +71.4% | +166.2% |
| 2024 | +6.9% | -90.4% |
| 2025 | +156.9% | +18.7% |
| 2026 | -58.3% | -39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGEN and VRCA good diversifiers for each other?
Reasonably. At 0.30, NGEN and VRCA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NGEN and VRCA?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.49 over the last year and 0.24 over 5 years.
Is VRCA a good diversifier for NGEN?
Reasonably. At 0.30, NGEN and VRCA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ngen-vs-vrca.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ngen-vs-vrca/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NGEN correlations · VRCA correlations
