PTON vs VRAX: Correlation
Peloton Interactive, Inc. (PTON) and Virax Biolabs Group Limited (VRAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTON and VRAX?
Across a 3-year window, the weekly returns of PTON and VRAX correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.39 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 4561.9 %².
Out of 12 assets tracked against PTON, VRAX lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months PTON outperformed by 49.2 percentage points (-31.0% for PTON against -80.2% for VRAX). One caveat on sizing: VRAX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PTON vs VRAX: side by side
| PTON (Peloton Interactive, Inc.) | VRAX (Virax Biolabs Group Limited) | |
|---|---|---|
| 1-year return | -31.0% | -80.2% |
| 5-year return | -94.8% | n/a |
| Volatility (ann.) | 74.3% | 158.1% |
| Beta vs S&P 500 | 2.10 | 2.55 |
| Max drawdown (3Y) | -64.9% | -98.4% |
| Market cap | $2.3B | – |
| P/E (trailing) | 37.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTON | VRAX |
|---|---|---|
| 2022 | -77.8% | – |
| 2023 | -23.3% | -80.0% |
| 2024 | +42.9% | +54.1% |
| 2025 | -29.2% | -84.6% |
| 2026 | -14.0% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTON and VRAX good diversifiers for each other?
Reasonably. At 0.39, PTON and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PTON and VRAX?
The PTON/VRAX correlation stands at 0.39 on a 3-year window (1 year: 0.11, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is VRAX a good diversifier for PTON?
Reasonably. At 0.39, PTON and VRAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pton-vs-vrax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pton-vs-vrax/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PTON correlations · VRAX correlations
