ACRV vs NRIX: Correlation
Measured on weekly returns over the past three years, Acrivon Therapeutics, Inc. (ACRV) and Nurix Therapeutics, Inc. (NRIX) 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 ACRV and NRIX?
On 3 years of weekly data the ACRV/NRIX correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.42). The 5-year figure is 0.34, and annualized covariance runs at 3085.2 %².
Among the 14 assets we track against ACRV, NRIX ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRIX outperformed by 123.3 percentage points (+58.1% for ACRV against +181.4% for NRIX).
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.
ACRV vs NRIX: side by side
| ACRV (Acrivon Therapeutics, Inc.) | NRIX (Nurix Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +58.1% | +181.4% |
| 5-year return | n/a | -19.6% |
| Volatility (ann.) | 94.2% | 77.6% |
| Beta vs S&P 500 | 1.58 | 1.82 |
| Max drawdown (3Y) | -91.3% | -70.7% |
| Market cap | $0.1B | $2.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRV | NRIX |
|---|---|---|
| 2022 | – | -62.1% |
| 2023 | -57.3% | -6.0% |
| 2024 | +22.4% | +82.6% |
| 2025 | -60.0% | +0.7% |
| 2026 | -10.8% | +41.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRV and NRIX 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 ACRV and NRIX?
The ACRV/NRIX correlation stands at 0.42 on a 3-year window (1 year: 0.20, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is NRIX a good diversifier for ACRV?
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?
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.
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Related comparisons
Hubs: ACRV correlations · NRIX correlations
