ALM vs IVVD: Correlation
Almonty Industries Inc. (ALM) and Invivyd, Inc. (IVVD) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALM and IVVD?
Over the past 3 years, ALM and IVVD moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.44 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 12054.7 %².
Few assets follow ALM as closely as IVVD, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months ALM outperformed by 345.4 percentage points (+348.7% for ALM against +3.3% for IVVD). Note the risk asymmetry: IVVD runs 3.4 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.
ALM vs IVVD: side by side
| ALM (Almonty Industries Inc.) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | +348.7% | +3.3% |
| 5-year return | +1028.4% | -97.2% |
| Volatility (ann.) | 89.8% | 305.9% |
| Beta vs S&P 500 | 1.32 | 1.87 |
| Max drawdown (3Y) | -57.9% | -92.9% |
| Market cap | $5.4B | $0.3B |
| P/E (trailing) | 82.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALM | IVVD |
|---|---|---|
| 2022 | -27.7% | -79.3% |
| 2023 | -19.7% | +162.7% |
| 2024 | +53.2% | -88.8% |
| 2025 | +526.5% | +457.6% |
| 2026 | +114.4% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALM and IVVD good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALM and IVVD?
The ALM/IVVD correlation stands at 0.44 on a 3-year window (1 year: 0.26, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is IVVD a good diversifier for ALM?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/alm-vs-ivvd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alm-vs-ivvd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALM correlations · IVVD correlations
