ABUS vs POET: Correlation
Arbutus Biopharma Corporation (ABUS) and POET Technologies Inc. (POET) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABUS and POET?
Over the past 3 years, ABUS and POET moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -1406.7 %².
Out of 11 assets tracked against ABUS, POET lands near the bottom at #11. The trailing year gives POET the advantage: +41.6% versus +52.2%, a 10.6-point spread. Note the risk asymmetry: POET runs 3.6 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.
ABUS vs POET: side by side
| ABUS (Arbutus Biopharma Corporation) | POET (POET Technologies Inc.) | |
|---|---|---|
| 1-year return | +41.6% | +52.2% |
| 5-year return | +53.0% | -3.6% |
| Volatility (ann.) | 41.5% | 150.2% |
| Beta vs S&P 500 | 0.46 | 2.33 |
| Max drawdown (3Y) | -36.8% | -80.1% |
| Market cap | $1.0B | $1.4B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABUS | POET |
|---|---|---|
| 2022 | -40.1% | -57.5% |
| 2023 | +7.3% | -68.9% |
| 2024 | +30.8% | +533.0% |
| 2025 | +47.1% | +6.4% |
| 2026 | +7.5% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABUS and POET good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABUS and POET?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.30 over the last year and -0.11 over 5 years.
Is POET a good diversifier for ABUS?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/abus-vs-poet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abus-vs-poet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABUS correlations · POET correlations
