ALT vs PHVS: Correlation
Measured on weekly returns over the past three years, Altimmune, Inc. (ALT) and Pharvaris N.V. (PHVS) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALT and PHVS?
On 3 years of weekly data the ALT/PHVS correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.37 over 3. The 5-year figure is 0.04, and annualized covariance runs at 2050.8 %².
Within ALT's tracked universe of 13 assets, PHVS comes in at #7 by 3-year correlation. The last year tells two different stories: PHVS led by 67.3 percentage points, -11.7% for ALT against +55.6% for PHVS. Risk is not evenly split, since ALT carries 1.6 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.
ALT vs PHVS: side by side
| ALT (Altimmune, Inc.) | PHVS (Pharvaris N.V.) | |
|---|---|---|
| 1-year return | -11.7% | +55.6% |
| 5-year return | -77.0% | +76.4% |
| Volatility (ann.) | 94.4% | 59.0% |
| Beta vs S&P 500 | 1.91 | 0.68 |
| Max drawdown (3Y) | -81.2% | -63.1% |
| Market cap | $0.6B | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALT | PHVS |
|---|---|---|
| 2022 | +79.6% | -21.8% |
| 2023 | -31.6% | +149.3% |
| 2024 | -35.9% | -31.7% |
| 2025 | -49.9% | +44.8% |
| 2026 | -10.2% | +33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALT and PHVS good diversifiers for each other?
Reasonably. At 0.37, ALT and PHVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALT and PHVS?
The ALT/PHVS correlation stands at 0.37 on a 3-year window (1 year: 0.28, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is PHVS a good diversifier for ALT?
Reasonably. At 0.37, ALT and PHVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alt-vs-phvs.json
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Related comparisons
Hubs: ALT correlations · PHVS correlations
