SMX vs VRCA: Correlation
Measured on weekly returns over the past three years, SMX (Security Matters) Public Limited Company (SMX) and Verrica Pharmaceuticals Inc. (VRCA) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMX and VRCA?
On 3 years of weekly data the SMX/VRCA correlation comes out at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.41 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 42994.8 %².
Within SMX's tracked universe of 15 assets, VRCA comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VRCA ahead by 85.8 points (-96.2% versus -10.4%). Note the risk asymmetry: SMX runs 7.3 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.
SMX vs VRCA: side by side
| SMX (SMX (Security Matters) Public Limited Company) | VRCA (Verrica Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -96.2% | -10.4% |
| 5-year return | -100.0% | -95.4% |
| Volatility (ann.) | 869.6% | 119.4% |
| Beta vs S&P 500 | 6.86 | 1.72 |
| Max drawdown (3Y) | -100.0% | -96.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMX | VRCA |
|---|---|---|
| 2022 | +3.5% | -70.0% |
| 2023 | -99.7% | +166.2% |
| 2024 | -98.9% | -90.4% |
| 2025 | -99.7% | +18.7% |
| 2026 | -90.9% | -39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMX and VRCA good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SMX and VRCA?
As of 2026-08-27, the correlation of weekly returns between SMX and VRCA is 0.41 over 3 years, 0.62 over 1 year and 0.34 over 5 years.
Is VRCA a good diversifier for SMX?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/smx-vs-vrca.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/smx-vs-vrca/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SMX correlations · VRCA correlations
