ABTS vs ARVN: Correlation
Abits Group Inc (ABTS) and Arvinas, Inc. (ARVN) show a negative relationship: their 3-year correlation of weekly returns is -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and ARVN?
Over the past 3 years, ABTS and ARVN moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.42 over 3 years. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -21124.5 %².
Among the 48 assets we track against ABTS, ARVN sits near the bottom by co-movement, at rank #47. The last year tells two different stories: ARVN led by 78.8 percentage points, -64.4% for ABTS against +14.4% for ARVN. Risk is not evenly split, since ABTS carries 9.4 times the volatility of the other side.
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.
ABTS vs ARVN: side by side
| ABTS (Abits Group Inc) | ARVN (Arvinas, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +14.4% |
| 5-year return | -81.7% | -89.2% |
| Volatility (ann.) | 689.2% | 73.6% |
| Beta vs S&P 500 | -4.02 | 1.55 |
| Max drawdown (3Y) | -92.1% | -88.4% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 35.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | ARVN |
|---|---|---|
| 2022 | -84.2% | -58.4% |
| 2023 | +152.8% | +20.3% |
| 2024 | -39.6% | -53.4% |
| 2025 | +647.5% | -38.1% |
| 2026 | -73.8% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and ARVN good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and ARVN?
As of 2026-08-27, the correlation of weekly returns between ABTS and ARVN is -0.42 over 3 years, -0.17 over 1 year and -0.34 over 5 years.
Is ARVN a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abts-vs-arvn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abts-vs-arvn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · ARVN correlations
