OPTX vs VICI: Correlation
Measured on weekly returns over the past three years, Syntec Optics Holdings, Inc. (OPTX) and Vici Properties (VICI) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPTX and VICI?
Over the past 3 years, OPTX and VICI moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.14) than the 3-year average (-0.15). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -506.2 %².
VICI is close to the least connected end of OPTX's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with OPTX ahead by 467.8 points (+449.1% versus -18.7%). Risk is not evenly split, since OPTX carries 10.7 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.
OPTX vs VICI: side by side
| OPTX (Syntec Optics Holdings, Inc.) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | +449.1% | -18.7% |
| 5-year return | -11.3% | +9.9% |
| Volatility (ann.) | 192.0% | 18.0% |
| Beta vs S&P 500 | 1.00 | 0.35 |
| Max drawdown (3Y) | -93.0% | -19.1% |
| Market cap | $0.4B | $28.4B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 6.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | OPTX | VICI |
|---|---|---|
| 2022 | – | +13.0% |
| 2023 | -49.7% | +3.6% |
| 2024 | -49.9% | -3.1% |
| 2025 | +13.5% | +1.9% |
| 2026 | +205.2% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPTX and VICI good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OPTX and VICI?
The OPTX/VICI correlation stands at -0.15 on a 3-year window (1 year: 0.14, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is VICI a good diversifier for OPTX?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/optx-vs-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/optx-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPTX correlations · VICI correlations
