SFL vs VBIO: Correlation
SFL Corporation Ltd (SFL) and Valion Bio, Inc. (VBIO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFL and VBIO?
On 3 years of weekly data the SFL/VBIO correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -1112.7 %².
VBIO is close to the least connected end of SFL's tracked universe, ranking #10 of 12. The last year tells two different stories: SFL led by 151.4 percentage points, +55.4% for SFL against -96.0% for VBIO. Note the risk asymmetry: VBIO runs 5.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SFL vs VBIO: side by side
| SFL (SFL Corporation Ltd) | VBIO (Valion Bio, Inc.) | |
|---|---|---|
| 1-year return | +55.4% | -96.0% |
| 5-year return | +130.7% | -100.0% |
| Volatility (ann.) | 28.0% | 147.8% |
| Beta vs S&P 500 | 0.53 | 1.27 |
| Max drawdown (3Y) | -46.4% | -99.8% |
| Market cap | $1.7B | – |
| P/E (trailing) | 25.2 | – |
| Dividend yield | 3.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFL | VBIO |
|---|---|---|
| 2022 | +23.5% | -83.5% |
| 2023 | +34.5% | -97.2% |
| 2024 | -0.8% | -80.8% |
| 2025 | -18.6% | -75.3% |
| 2026 | +64.2% | -91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFL and VBIO good diversifiers for each other?
Yes. With a correlation of -0.27, SFL and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SFL and VBIO?
As of 2026-08-27, the correlation of weekly returns between SFL and VBIO is -0.27 over 3 years, -0.26 over 1 year and -0.16 over 5 years.
Is VBIO a good diversifier for SFL?
Yes. With a correlation of -0.27, SFL and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: SFL correlations · VBIO correlations
