SPCE vs VRRM: Correlation
How closely do Virgin Galactic Holdings, Inc. (SPCE) and Verra Mobility Corporation (VRRM) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPCE and VRRM?
Across a 3-year window, the weekly returns of SPCE and VRRM correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.64 versus -0.37 over 3 years. Stretching to 5 years gives -0.22, with an annualized covariance of -1870.8 %².
Among the 19 assets we track against SPCE, VRRM sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months SPCE outperformed by 79.7 percentage points (-2.9% for SPCE against -82.6% for VRRM). One caveat on sizing: SPCE 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.
SPCE vs VRRM: side by side
| SPCE (Virgin Galactic Holdings, Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | -2.9% | -82.6% |
| 5-year return | -99.4% | -71.6% |
| Volatility (ann.) | 100.5% | 50.8% |
| Beta vs S&P 500 | 2.82 | 0.33 |
| Max drawdown (3Y) | -96.0% | -87.5% |
| Market cap | $0.5B | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPCE | VRRM |
|---|---|---|
| 2022 | -74.0% | -10.4% |
| 2023 | -29.6% | +66.5% |
| 2024 | -88.0% | +5.0% |
| 2025 | -45.4% | -7.3% |
| 2026 | -6.5% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPCE and VRRM good diversifiers for each other?
Yes. With a correlation of -0.37, SPCE and VRRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPCE and VRRM?
The SPCE/VRRM correlation stands at -0.37 on a 3-year window (1 year: -0.64, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VRRM a good diversifier for SPCE?
Yes. With a correlation of -0.37, SPCE and VRRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 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.
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Related comparisons
Hubs: SPCE correlations · VRRM correlations
