AKBA vs ARLO: Correlation
Akebia Therapeutics, Inc. (AKBA) and Arlo Technologies, Inc. (ARLO) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKBA and ARLO?
Over the past 3 years, AKBA and ARLO moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.39). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1792.8 %².
In AKBA's tracked universe of 12 assets, ARLO sits right near the top at #3. Correlation aside, the last 12 months split them widely, with ARLO ahead by 43.1 points (-68.8% versus -25.7%).
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.
AKBA vs ARLO: side by side
| AKBA (Akebia Therapeutics, Inc.) | ARLO (Arlo Technologies, Inc.) | |
|---|---|---|
| 1-year return | -68.8% | -25.7% |
| 5-year return | -66.7% | +113.6% |
| Volatility (ann.) | 75.3% | 61.4% |
| Beta vs S&P 500 | 1.02 | 1.84 |
| Max drawdown (3Y) | -79.0% | -50.8% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | – | 46.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKBA | ARLO |
|---|---|---|
| 2022 | -74.5% | -66.5% |
| 2023 | +114.9% | +171.2% |
| 2024 | +53.2% | +17.5% |
| 2025 | -15.3% | +25.0% |
| 2026 | -41.6% | -6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKBA and ARLO good diversifiers for each other?
Reasonably. At 0.39, AKBA and ARLO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AKBA and ARLO?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.26 over the last year and 0.21 over 5 years.
Is ARLO a good diversifier for AKBA?
Reasonably. At 0.39, AKBA and ARLO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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: AKBA correlations · ARLO correlations
