RDY vs WVVI: Correlation
Measured on weekly returns over the past three years, Dr. Reddy's Laboratories Ltd (RDY) and Willamette Valley Vineyards, Inc. (WVVI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDY and WVVI?
Over the past 3 years, RDY and WVVI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -234.1 %².
Out of 10 assets tracked against RDY, WVVI lands near the bottom at #9. The last year tells two different stories: RDY led by 34.6 percentage points, -14.0% for RDY against -48.6% for WVVI. Risk is not evenly split, since WVVI carries 1.8 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.
RDY vs WVVI: side by side
| RDY (Dr. Reddy's Laboratories Ltd) | WVVI (Willamette Valley Vineyards, Inc.) | |
|---|---|---|
| 1-year return | -14.0% | -48.6% |
| 5-year return | +1.0% | -82.5% |
| Volatility (ann.) | 23.9% | 42.6% |
| Beta vs S&P 500 | 0.32 | 0.37 |
| Max drawdown (3Y) | -32.0% | -65.4% |
| Market cap | $10.1B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 65.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDY | WVVI |
|---|---|---|
| 2022 | -19.7% | -31.1% |
| 2023 | +36.5% | -10.2% |
| 2024 | +14.1% | -37.5% |
| 2025 | -10.5% | -9.0% |
| 2026 | -12.8% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDY and WVVI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RDY and WVVI?
The RDY/WVVI correlation stands at -0.23 on a 3-year window (1 year: -0.33, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is WVVI a good diversifier for RDY?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: RDY correlations · WVVI correlations
