RCAT vs VRRM: Correlation
Red Cat Holdings, Inc. (RCAT) and Verra Mobility Corporation (VRRM) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCAT and VRRM?
On 3 years of weekly data the RCAT/VRRM correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.18). The 5-year figure is -0.10, and annualized covariance runs at -1107.4 %².
Out of 10 assets tracked against RCAT, VRRM lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with RCAT ahead by 86.0 points (+3.4% versus -82.6%). One caveat on sizing: RCAT is 2.4 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.
RCAT vs VRRM: side by side
| RCAT (Red Cat Holdings, Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | +3.4% | -82.6% |
| 5-year return | +239.9% | -71.6% |
| Volatility (ann.) | 121.3% | 50.8% |
| Beta vs S&P 500 | 1.43 | 0.33 |
| Max drawdown (3Y) | -67.2% | -87.5% |
| Market cap | $1.4B | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCAT | VRRM |
|---|---|---|
| 2022 | -54.8% | -10.4% |
| 2023 | -6.4% | +66.5% |
| 2024 | +1360.2% | +5.0% |
| 2025 | -38.3% | -7.3% |
| 2026 | +17.0% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCAT 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 RCAT and VRRM?
As of 2026-08-27, the correlation of weekly returns between RCAT and VRRM is -0.18 over 3 years, -0.40 over 1 year and -0.10 over 5 years.
Is VRRM a good diversifier for RCAT?
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?
On the −1 to +1 scale, -0.18 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/rcat-vs-vrrm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rcat-vs-vrrm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RCAT correlations · VRRM correlations
