ACRV vs XBIT: Correlation
Acrivon Therapeutics, Inc. (ACRV) and XBiotech Inc. (XBIT) 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 ACRV and XBIT?
On 3 years of weekly data the ACRV/XBIT correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.34). The 5-year figure is 0.25, and annualized covariance runs at 1960.6 %².
Among the 14 assets we track against ACRV, XBIT ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACRV outperformed by 92.0 percentage points (+58.1% for ACRV against -33.9% for XBIT). Note the risk asymmetry: ACRV runs 1.5 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 XBIT: side by side
| ACRV (Acrivon Therapeutics, Inc.) | XBIT (XBiotech Inc.) | |
|---|---|---|
| 1-year return | +58.1% | -33.9% |
| 5-year return | n/a | -85.8% |
| Volatility (ann.) | 94.2% | 60.9% |
| Beta vs S&P 500 | 1.58 | 1.09 |
| Max drawdown (3Y) | -91.3% | -78.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRV | XBIT |
|---|---|---|
| 2022 | – | -68.5% |
| 2023 | -57.3% | +14.0% |
| 2024 | +22.4% | -1.2% |
| 2025 | -60.0% | -39.5% |
| 2026 | -10.8% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRV and XBIT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACRV and XBIT?
The ACRV/XBIT correlation stands at 0.34 on a 3-year window (1 year: 0.19, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is XBIT a good diversifier for ACRV?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/acrv-vs-xbit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acrv-vs-xbit/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACRV correlations · XBIT correlations
