VHC vs WATT: Correlation
Measured on weekly returns over the past three years, VirnetX Holding Corp (VHC) and Energous Corporation (WATT) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VHC and WATT?
Across a 3-year window, the weekly returns of VHC and WATT correlate at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.31). Stretching to 5 years gives 0.31, with an annualized covariance of 3758.8 %².
Few assets follow VHC as closely as WATT, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months WATT outperformed by 55.4 percentage points (-8.8% for VHC against +46.6% for WATT).
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.
VHC vs WATT: side by side
| VHC (VirnetX Holding Corp) | WATT (Energous Corporation) | |
|---|---|---|
| 1-year return | -8.8% | +46.6% |
| 5-year return | -57.1% | -99.2% |
| Volatility (ann.) | 104.0% | 117.2% |
| Beta vs S&P 500 | 1.09 | 1.35 |
| Max drawdown (3Y) | -60.7% | -95.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VHC | WATT |
|---|---|---|
| 2022 | -50.0% | -33.1% |
| 2023 | -21.3% | -89.1% |
| 2024 | +12.1% | -44.8% |
| 2025 | +112.6% | -86.8% |
| 2026 | -25.0% | +196.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VHC and WATT good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between VHC and WATT?
As of 2026-08-27, the correlation of weekly returns between VHC and WATT is 0.31 over 3 years, 0.14 over 1 year and 0.31 over 5 years.
Is WATT a good diversifier for VHC?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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
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Related comparisons
Hubs: VHC correlations · WATT correlations
