VTSI vs WKSP: Correlation
How closely do VirTra, Inc. (VTSI) and Worksport, Ltd. (WKSP) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTSI and WKSP?
On 3 years of weekly data the VTSI/WKSP correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 2853.8 %².
WKSP is one of the assets that tracks VTSI most closely: it ranks #2 out of the 11 assets we track against VTSI. Their recent paths diverged sharply: over the last 12 months VTSI outperformed by 31.1 percentage points (-48.4% for VTSI against -79.5% for WKSP). Note the risk asymmetry: WKSP runs 1.6 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.
VTSI vs WKSP: side by side
| VTSI (VirTra, Inc.) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | -48.4% | -79.5% |
| 5-year return | -61.2% | -98.8% |
| Volatility (ann.) | 68.4% | 108.8% |
| Beta vs S&P 500 | 1.24 | 1.80 |
| Max drawdown (3Y) | -82.9% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VTSI | WKSP |
|---|---|---|
| 2022 | -33.1% | -58.9% |
| 2023 | +102.4% | +49.7% |
| 2024 | -28.7% | -38.3% |
| 2025 | -37.8% | -76.8% |
| 2026 | -26.9% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTSI and WKSP good diversifiers for each other?
Reasonably. At 0.38, VTSI and WKSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between VTSI and WKSP?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.43 over the last year and 0.26 over 5 years.
Is WKSP a good diversifier for VTSI?
Reasonably. At 0.38, VTSI and WKSP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: VTSI correlations · WKSP correlations
