ACHR vs INVZ: Correlation
How closely do Archer Aviation Inc. (ACHR) and Innoviz Technologies Ltd. (INVZ) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHR and INVZ?
Across a 3-year window, the weekly returns of ACHR and INVZ correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 4187.8 %².
Within ACHR's tracked universe of 26 assets, INVZ comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACHR outperformed by 43.8 percentage points (-35.2% for ACHR against -79.0% for INVZ).
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.
ACHR vs INVZ: side by side
| ACHR (Archer Aviation Inc.) | INVZ (Innoviz Technologies Ltd.) | |
|---|---|---|
| 1-year return | -35.2% | -79.0% |
| 5-year return | -40.7% | -95.3% |
| Volatility (ann.) | 87.9% | 103.4% |
| Beta vs S&P 500 | 3.18 | 2.69 |
| Max drawdown (3Y) | -67.4% | -88.5% |
| Market cap | $4.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHR | INVZ |
|---|---|---|
| 2022 | -69.0% | -38.0% |
| 2023 | +228.3% | -35.6% |
| 2024 | +58.8% | -33.6% |
| 2025 | -22.9% | -49.2% |
| 2026 | -21.1% | -58.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHR and INVZ good diversifiers for each other?
Reasonably. At 0.46, ACHR and INVZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACHR and INVZ?
The ACHR/INVZ correlation stands at 0.46 on a 3-year window (1 year: 0.47, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is INVZ a good diversifier for ACHR?
Reasonably. At 0.46, ACHR and INVZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/achr-vs-invz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/achr-vs-invz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACHR correlations · INVZ correlations
