ABUS vs TVTX: Correlation
Measured on weekly returns over the past three years, Arbutus Biopharma Corporation (ABUS) and Travere Therapeutics, Inc. (TVTX) 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 TVTX?
Across a 3-year window, the weekly returns of ABUS and TVTX correlate at 0.42, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.42). Stretching to 5 years gives 0.29, with an annualized covariance of 1267.5 %².
In ABUS's tracked universe of 11 assets, TVTX sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months TVTX outperformed by 245.6 percentage points (+41.6% for ABUS against +287.2% for TVTX). One caveat on sizing: TVTX is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TVTX: side by side
| ABUS (Arbutus Biopharma Corporation) | TVTX (Travere Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +41.6% | +287.2% |
| 5-year return | +53.0% | +213.8% |
| Volatility (ann.) | 41.5% | 72.5% |
| Beta vs S&P 500 | 0.46 | 1.67 |
| Max drawdown (3Y) | -36.8% | -64.6% |
| Market cap | $1.0B | $6.4B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABUS | TVTX |
|---|---|---|
| 2022 | -40.1% | -32.2% |
| 2023 | +7.3% | -57.3% |
| 2024 | +30.8% | +93.8% |
| 2025 | +47.1% | +119.3% |
| 2026 | +7.5% | +76.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABUS and TVTX 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 TVTX?
As of 2026-08-27, the correlation of weekly returns between ABUS and TVTX is 0.42 over 3 years, 0.67 over 1 year and 0.29 over 5 years.
Is TVTX 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-tvtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abus-vs-tvtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABUS correlations · TVTX correlations
