AIIO vs AVIR: Correlation
Measured on weekly returns over the past three years, Robo.ai Inc. - Class B (AIIO) and Atea Pharmaceuticals, Inc. (AVIR) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and AVIR?
Over the past 3 years, AIIO and AVIR moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.32). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -4296.9 %².
AVIR is close to the least connected end of AIIO's tracked universe, ranking #32 of 35. Their recent paths diverged sharply: over the last 12 months AVIR outperformed by 142.7 percentage points (-91.3% for AIIO against +51.4% for AVIR). Risk is not evenly split, since AIIO carries 5.8 times the volatility of the other side.
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.
AIIO vs AVIR: side by side
| AIIO (Robo.ai Inc. - Class B) | AVIR (Atea Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -91.3% | +51.4% |
| 5-year return | -98.8% | -82.1% |
| Volatility (ann.) | 280.6% | 48.3% |
| Beta vs S&P 500 | 0.74 | 0.73 |
| Max drawdown (3Y) | -99.7% | -44.1% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | AVIR |
|---|---|---|
| 2022 | -9.2% | -46.2% |
| 2023 | -27.5% | -36.6% |
| 2024 | -91.0% | +9.8% |
| 2025 | -56.6% | +6.6% |
| 2026 | -61.3% | +52.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and AVIR good diversifiers for each other?
Yes. With a correlation of -0.32, AIIO and AVIR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIIO and AVIR?
As of 2026-08-27, the correlation of weekly returns between AIIO and AVIR is -0.32 over 3 years, -0.46 over 1 year and -0.17 over 5 years.
Is AVIR a good diversifier for AIIO?
Yes. With a correlation of -0.32, AIIO and AVIR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aiio-vs-avir.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aiio-vs-avir/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIIO correlations · AVIR correlations
