ALLO vs ARVN: Correlation
Measured on weekly returns over the past three years, Allogene Therapeutics, Inc. (ALLO) and Arvinas, Inc. (ARVN) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and ARVN?
Over the past 3 years, ALLO and ARVN moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 2890.8 %².
Within ALLO's tracked universe of 21 assets, ARVN comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALLO ahead by 65.8 points (+80.2% versus +14.4%).
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.
ALLO vs ARVN: side by side
| ALLO (Allogene Therapeutics, Inc.) | ARVN (Arvinas, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | +14.4% |
| 5-year return | -91.3% | -89.2% |
| Volatility (ann.) | 83.3% | 73.6% |
| Beta vs S&P 500 | 1.96 | 1.55 |
| Max drawdown (3Y) | -83.1% | -88.4% |
| Market cap | $0.7B | $0.6B |
| P/E (trailing) | – | 35.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | ARVN |
|---|---|---|
| 2022 | -57.8% | -58.4% |
| 2023 | -49.0% | +20.3% |
| 2024 | -33.6% | -53.4% |
| 2025 | -35.7% | -38.1% |
| 2026 | +52.6% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and ARVN good diversifiers for each other?
Reasonably. At 0.47, ALLO and ARVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALLO and ARVN?
As of 2026-08-27, the correlation of weekly returns between ALLO and ARVN is 0.47 over 3 years, 0.44 over 1 year and 0.37 over 5 years.
Is ARVN a good diversifier for ALLO?
Reasonably. At 0.47, ALLO and ARVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/allo-vs-arvn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/allo-vs-arvn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLO correlations · ARVN correlations
