ALGN vs IVF: Correlation
How closely do Align Technology (ALGN) and INVO Fertility, Inc. (IVF) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and IVF?
Over the past 3 years, ALGN and IVF moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -1499.8 %².
Among the 37 assets we track against ALGN, IVF ranks #31 by 3-year correlation. The last year tells two different stories: ALGN led by 109.4 percentage points, +11.9% for ALGN against -97.5% for IVF. Risk is not evenly split, since IVF carries 3.4 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.
ALGN vs IVF: side by side
| ALGN (Align Technology) | IVF (INVO Fertility, Inc.) | |
|---|---|---|
| 1-year return | +11.9% | -97.5% |
| 5-year return | -77.4% | -100.0% |
| Volatility (ann.) | 44.3% | 150.4% |
| Beta vs S&P 500 | 1.51 | -0.55 |
| Max drawdown (3Y) | -66.7% | -100.0% |
| Market cap | $11.3B | – |
| P/E (trailing) | 27.6 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ALGN | IVF |
|---|---|---|
| 2022 | -67.9% | -87.3% |
| 2023 | +29.9% | -84.1% |
| 2024 | -23.9% | -40.0% |
| 2025 | -25.1% | -99.7% |
| 2026 | +1.7% | -72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and IVF good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALGN and IVF?
The ALGN/IVF correlation stands at -0.22 on a 3-year window (1 year: -0.14, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is IVF a good diversifier for ALGN?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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
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[](https://www.pairbook.io/pair/algn-vs-ivf/)
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Related comparisons
Hubs: ALGN correlations · IVF correlations
