ABUS vs ROIV: Correlation
Measured on weekly returns over the past three years, Arbutus Biopharma Corporation (ABUS) and Roivant Sciences Ltd. (ROIV) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABUS and ROIV?
On 3 years of weekly data the ABUS/ROIV correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.42). The 5-year figure is 0.43, and annualized covariance runs at 626.1 %².
In ABUS's tracked universe of 11 assets, ROIV sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months ROIV outperformed by 171.8 percentage points (+41.6% for ABUS against +213.4% for ROIV).
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 ROIV: side by side
| ABUS (Arbutus Biopharma Corporation) | ROIV (Roivant Sciences Ltd.) | |
|---|---|---|
| 1-year return | +41.6% | +213.4% |
| 5-year return | +53.0% | +278.1% |
| Volatility (ann.) | 41.5% | 36.0% |
| Beta vs S&P 500 | 0.46 | 0.91 |
| Max drawdown (3Y) | -36.8% | -36.5% |
| Market cap | $1.0B | $27.1B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABUS | ROIV |
|---|---|---|
| 2022 | -40.1% | -20.7% |
| 2023 | +7.3% | +40.6% |
| 2024 | +30.8% | +5.3% |
| 2025 | +47.1% | +83.4% |
| 2026 | +7.5% | +73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABUS and ROIV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABUS and ROIV?
As of 2026-08-27, the correlation of weekly returns between ABUS and ROIV is 0.42 over 3 years, 0.31 over 1 year and 0.43 over 5 years.
Is ROIV a good diversifier for ABUS?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abus-vs-roiv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abus-vs-roiv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABUS correlations · ROIV correlations
