ONCY vs VRRM: Correlation
How closely do Oncolytics Biotech Inc. (ONCY) and Verra Mobility Corporation (VRRM) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONCY and VRRM?
Across a 3-year window, the weekly returns of ONCY and VRRM correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.18 over 3 years. Stretching to 5 years gives -0.08, with an annualized covariance of -744.7 %².
Among the 10 assets we track against ONCY, VRRM sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with ONCY ahead by 62.8 points (-19.8% versus -82.6%). Note the risk asymmetry: ONCY runs 1.6 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.
ONCY vs VRRM: side by side
| ONCY (Oncolytics Biotech Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | -19.8% | -82.6% |
| 5-year return | -61.2% | -71.6% |
| Volatility (ann.) | 80.8% | 50.8% |
| Beta vs S&P 500 | 1.15 | 0.33 |
| Max drawdown (3Y) | -86.2% | -87.5% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONCY | VRRM |
|---|---|---|
| 2022 | +17.3% | -10.4% |
| 2023 | -17.2% | +66.5% |
| 2024 | -32.6% | +5.0% |
| 2025 | -4.4% | -7.3% |
| 2026 | -2.3% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONCY and VRRM good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ONCY and VRRM?
The ONCY/VRRM correlation stands at -0.18 on a 3-year window (1 year: -0.35, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is VRRM a good diversifier for ONCY?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ONCY correlations · VRRM correlations
