ROOT vs VANI: Correlation
How closely do Root, Inc. (ROOT) and Vivani Medical, Inc. (VANI) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROOT and VANI?
Across a 3-year window, the weekly returns of ROOT and VANI correlate at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.55 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 8663.3 %².
In ROOT's tracked universe of 11 assets, VANI sits right near the top at #3. The last year tells two different stories: VANI led by 52.9 percentage points, -38.1% for ROOT against +14.8% for VANI.
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.
ROOT vs VANI: side by side
| ROOT (Root, Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -38.1% | +14.8% |
| 5-year return | -52.1% | -87.4% |
| Volatility (ann.) | 127.9% | 123.8% |
| Beta vs S&P 500 | 1.45 | 1.29 |
| Max drawdown (3Y) | -75.7% | -77.8% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ROOT | VANI |
|---|---|---|
| 2022 | -92.0% | -82.6% |
| 2023 | +133.4% | +20.0% |
| 2024 | +592.7% | +13.7% |
| 2025 | -0.5% | +6.0% |
| 2026 | -23.8% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROOT and VANI good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ROOT and VANI?
The ROOT/VANI correlation stands at 0.55 on a 3-year window (1 year: 0.31, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for ROOT?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/root-vs-vani.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/root-vs-vani/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ROOT correlations · VANI correlations
