ORC vs VFS: Correlation
Orchid Island Capital, Inc. (ORC) and VinFast Auto Ltd. (VFS) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORC and VFS?
Over the past 3 years, ORC and VFS moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 851.9 %².
By 3-year correlation, VFS places #9 of the 14 assets tracked against ORC. Correlation aside, the last 12 months split them widely, with ORC ahead by 25.2 points (+15.7% versus -9.5%). Note the risk asymmetry: VFS runs 2.9 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.
ORC vs VFS: side by side
| ORC (Orchid Island Capital, Inc.) | VFS (VinFast Auto Ltd.) | |
|---|---|---|
| 1-year return | +15.7% | -9.5% |
| 5-year return | -33.9% | -67.8% |
| Volatility (ann.) | 26.1% | 75.2% |
| Beta vs S&P 500 | 0.84 | 1.62 |
| Max drawdown (3Y) | -36.6% | -97.1% |
| Market cap | $1.3B | $7.4B |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 20.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORC | VFS |
|---|---|---|
| 2022 | -44.3% | +3.2% |
| 2023 | -3.1% | -16.3% |
| 2024 | +9.9% | -51.9% |
| 2025 | +12.7% | -17.1% |
| 2026 | +4.1% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORC and VFS good diversifiers for each other?
Reasonably. At 0.43, ORC and VFS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ORC and VFS?
As of 2026-08-27, the correlation of weekly returns between ORC and VFS is 0.43 over 3 years, 0.39 over 1 year and 0.09 over 5 years.
Is VFS a good diversifier for ORC?
Reasonably. At 0.43, ORC and VFS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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: ORC correlations · VFS correlations
