SHIM vs VIRT: Correlation
How closely do Shimmick Corporation (SHIM) and Virtu Financial, Inc. (VIRT) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHIM and VIRT?
Across a 3-year window, the weekly returns of SHIM and VIRT correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.34 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 1500.9 %².
Within SHIM's tracked universe of 13 assets, VIRT comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VIRT outperformed by 39.2 percentage points (+21.3% for SHIM against +60.5% for VIRT). Note the risk asymmetry: SHIM runs 3.3 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.
SHIM vs VIRT: side by side
| SHIM (Shimmick Corporation) | VIRT (Virtu Financial, Inc.) | |
|---|---|---|
| 1-year return | +21.3% | +60.5% |
| 5-year return | n/a | +221.4% |
| Volatility (ann.) | 120.7% | 36.1% |
| Beta vs S&P 500 | 1.54 | 0.38 |
| Max drawdown (3Y) | -82.2% | -27.8% |
| Market cap | $0.2B | $5.9B |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 0.00% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHIM | VIRT |
|---|---|---|
| 2022 | – | -26.5% |
| 2023 | – | +4.6% |
| 2024 | -60.8% | +83.0% |
| 2025 | +12.7% | -4.2% |
| 2026 | +36.6% | +103.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHIM and VIRT good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SHIM and VIRT?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is VIRT a good diversifier for SHIM?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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/shim-vs-virt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shim-vs-virt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SHIM correlations · VIRT correlations
