ABVC vs RENX: Correlation
How closely do ABVC BioPharma, Inc. (ABVC) and RenX Enterprises Corp. (RENX) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABVC and RENX?
Across a 3-year window, the weekly returns of ABVC and RENX correlate at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 10187.8 %².
Within ABVC's tracked universe of 10 assets, RENX comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABVC outperformed by 17.7 percentage points (-73.3% for ABVC against -91.0% for RENX). Note the risk asymmetry: RENX runs 3.0 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.
ABVC vs RENX: side by side
| ABVC (ABVC BioPharma, Inc.) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | -73.3% | -91.0% |
| 5-year return | -97.5% | n/a |
| Volatility (ann.) | 106.7% | 322.0% |
| Beta vs S&P 500 | 1.35 | 1.58 |
| Max drawdown (3Y) | -85.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABVC | RENX |
|---|---|---|
| 2022 | -81.6% | – |
| 2023 | -81.4% | – |
| 2024 | -49.1% | -90.5% |
| 2025 | +261.0% | -92.5% |
| 2026 | -62.6% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABVC and RENX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABVC and RENX?
As of 2026-08-27, the correlation of weekly returns between ABVC and RENX is 0.30 over 3 years, 0.36 over 1 year and n/a over 5 years.
Is RENX a good diversifier for ABVC?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
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Related comparisons
Hubs: ABVC correlations · RENX correlations
