ABUS vs VIVO: Correlation
Arbutus Biopharma Corporation (ABUS) and VivoPower PLC - Class A (VIVO) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABUS and VIVO?
On 3 years of weekly data the ABUS/VIVO correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.34). The 5-year figure is 0.25, and annualized covariance runs at 3610.9 %².
Among the 11 assets we track against ABUS, VIVO ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABUS ahead by 65.4 points (+41.6% versus -23.8%). Note the risk asymmetry: VIVO runs 6.2 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 VIVO: side by side
| ABUS (Arbutus Biopharma Corporation) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | +41.6% | -23.8% |
| 5-year return | +53.0% | -92.6% |
| Volatility (ann.) | 41.5% | 256.4% |
| Beta vs S&P 500 | 0.46 | 0.31 |
| Max drawdown (3Y) | -36.8% | -89.9% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABUS | VIVO |
|---|---|---|
| 2022 | -40.1% | -91.9% |
| 2023 | +7.3% | -21.5% |
| 2024 | +30.8% | -31.1% |
| 2025 | +47.1% | +70.3% |
| 2026 | +7.5% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABUS and VIVO good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABUS and VIVO?
The ABUS/VIVO correlation stands at 0.34 on a 3-year window (1 year: 0.12, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is VIVO a good diversifier for ABUS?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abus-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABUS correlations · VIVO correlations
