SKYE vs VCIG: Correlation
Measured on weekly returns over the past three years, Skye Bioscience, Inc. (SKYE) and VCI Global Limited (VCIG) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKYE and VCIG?
Over the past 3 years, SKYE and VCIG moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 232312.6 %².
Within SKYE's tracked universe of 10 assets, VCIG comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SKYE ahead by 56.2 points (-43.6% versus -99.8%). One caveat on sizing: VCIG is 2.0 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.
SKYE vs VCIG: side by side
| SKYE (Skye Bioscience, Inc.) | VCIG (VCI Global Limited) | |
|---|---|---|
| 1-year return | -43.6% | -99.8% |
| 5-year return | -94.3% | n/a |
| Volatility (ann.) | 384.6% | 754.7% |
| Beta vs S&P 500 | 2.80 | 3.93 |
| Max drawdown (3Y) | -98.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKYE | VCIG |
|---|---|---|
| 2022 | -69.2% | – |
| 2023 | -32.0% | – |
| 2024 | +4.0% | -98.4% |
| 2025 | -73.5% | -99.9% |
| 2026 | +160.0% | -91.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKYE and VCIG good diversifiers for each other?
No: a correlation of 0.80 means SKYE and VCIG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between SKYE and VCIG?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.88 over the last year and n/a over 5 years.
Is VCIG a good diversifier for SKYE?
No: a correlation of 0.80 means SKYE and VCIG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: SKYE correlations · VCIG correlations
