PYPD vs VNRX: Correlation
Measured on weekly returns over the past three years, PolyPid Ltd. (PYPD) and VolitionRX Limited (VNRX) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PYPD and VNRX?
Across a 3-year window, the weekly returns of PYPD and VNRX correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 2715.0 %².
Within PYPD's tracked universe of 14 assets, VNRX comes in at #6 by 3-year correlation. The last year tells two different stories: PYPD led by 146.0 percentage points, +49.7% for PYPD against -96.3% for VNRX.
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.
PYPD vs VNRX: side by side
| PYPD (PolyPid Ltd.) | VNRX (VolitionRX Limited) | |
|---|---|---|
| 1-year return | +49.7% | -96.3% |
| 5-year return | -98.1% | -99.2% |
| Volatility (ann.) | 81.4% | 101.1% |
| Beta vs S&P 500 | 0.49 | 0.87 |
| Max drawdown (3Y) | -74.1% | -98.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PYPD | VNRX |
|---|---|---|
| 2022 | -87.8% | -22.6% |
| 2023 | -81.9% | -70.4% |
| 2024 | -20.0% | -16.7% |
| 2025 | +42.8% | -56.7% |
| 2026 | +18.0% | -90.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PYPD and VNRX good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PYPD and VNRX?
The PYPD/VNRX correlation stands at 0.33 on a 3-year window (1 year: 0.40, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is VNRX a good diversifier for PYPD?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/pypd-vs-vnrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pypd-vs-vnrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PYPD correlations · VNRX correlations
