SWVL vs VTSI: Correlation
Measured on weekly returns over the past three years, Swvl Holdings Corp (SWVL) and VirTra, Inc. (VTSI) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWVL and VTSI?
Over the past 3 years, SWVL and VTSI moved with a correlation of 0.32, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.32). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 2663.5 %².
By 3-year correlation, VTSI places #4 of the 10 assets tracked against SWVL. On 12-month performance SWVL holds a 11.0-point edge, -37.4% against -48.4%. Note the risk asymmetry: SWVL runs 1.8 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.
SWVL vs VTSI: side by side
| SWVL (Swvl Holdings Corp) | VTSI (VirTra, Inc.) | |
|---|---|---|
| 1-year return | -37.4% | -48.4% |
| 5-year return | -99.1% | -61.2% |
| Volatility (ann.) | 122.0% | 68.4% |
| Beta vs S&P 500 | 1.20 | 1.24 |
| Max drawdown (3Y) | -92.3% | -82.9% |
| Market cap | – | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SWVL | VTSI |
|---|---|---|
| 2022 | -98.6% | -33.1% |
| 2023 | -51.1% | +102.4% |
| 2024 | +281.3% | -28.7% |
| 2025 | -70.2% | -37.8% |
| 2026 | +16.3% | -26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWVL and VTSI good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SWVL and VTSI?
As of 2026-08-27, the correlation of weekly returns between SWVL and VTSI is 0.32 over 3 years, 0.18 over 1 year and 0.23 over 5 years.
Is VTSI a good diversifier for SWVL?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/swvl-vs-vtsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swvl-vs-vtsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SWVL correlations · VTSI correlations
