VYX vs WAL: Correlation
NCR Voyix Corporation (VYX) and Western Alliance Bancorporation (WAL) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VYX and WAL?
Across a 3-year window, the weekly returns of VYX and WAL correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 971.3 %².
WAL is one of the assets that tracks VYX most closely: it ranks #3 out of the 12 assets we track against VYX. Correlation aside, the last 12 months split them widely, with WAL ahead by 23.0 points (-32.3% versus -9.3%).
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.
VYX vs WAL: side by side
| VYX (NCR Voyix Corporation) | WAL (Western Alliance Bancorporation) | |
|---|---|---|
| 1-year return | -32.3% | -9.3% |
| 5-year return | -65.3% | -9.7% |
| Volatility (ann.) | 47.7% | 39.5% |
| Beta vs S&P 500 | 1.47 | 1.51 |
| Max drawdown (3Y) | -67.4% | -36.0% |
| Market cap | $1.3B | $8.6B |
| P/E (trailing) | 31.7 | 9.0 |
| Dividend yield | 0.00% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VYX | WAL |
|---|---|---|
| 2022 | -41.8% | -43.7% |
| 2023 | +17.7% | +14.1% |
| 2024 | -18.2% | +29.7% |
| 2025 | -26.3% | +2.5% |
| 2026 | -10.0% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VYX and WAL good diversifiers for each other?
Only partially. A correlation of 0.52 means VYX and WAL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between VYX and WAL?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.57 over the last year and 0.48 over 5 years.
Is WAL a good diversifier for VYX?
Only partially. A correlation of 0.52 means VYX and WAL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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: VYX correlations · WAL correlations
