ACRV vs XBI: Correlation
Acrivon Therapeutics, Inc. (ACRV) and SPDR S&P Biotech ETF (XBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRV and XBI?
Over the past 3 years, ACRV and XBI moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1113.4 %².
XBI is one of the assets that tracks ACRV most closely: it ranks #3 out of the 14 assets we track against ACRV. Correlation aside, the last 12 months split them widely, with XBI ahead by 29.1 points (+58.1% versus +87.2%). Note the risk asymmetry: ACRV runs 3.4 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.
ACRV vs XBI: side by side
| ACRV (Acrivon Therapeutics, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +58.1% | +87.2% |
| 5-year return | n/a | +28.6% |
| Volatility (ann.) | 94.2% | 27.7% |
| Beta vs S&P 500 | 1.58 | 1.09 |
| Max drawdown (3Y) | -91.3% | -33.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | ACRV | XBI |
|---|---|---|
| 2022 | – | -25.9% |
| 2023 | -57.3% | +7.6% |
| 2024 | +22.4% | +1.0% |
| 2025 | -60.0% | +35.9% |
| 2026 | -10.8% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRV and XBI good diversifiers for each other?
Reasonably. At 0.43, ACRV and XBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACRV and XBI?
As of 2026-08-27, the correlation of weekly returns between ACRV and XBI is 0.43 over 3 years, 0.35 over 1 year and 0.40 over 5 years.
Is XBI a good diversifier for ACRV?
Reasonably. At 0.43, ACRV and XBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/acrv-vs-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acrv-vs-xbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACRV correlations · XBI correlations
