ALVO vs FCUV: Correlation
How closely do Alvotech (ALVO) and Focus Universal Inc. (FCUV) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALVO and FCUV?
On 3 years of weekly data the ALVO/FCUV correlation comes out at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.40 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 6029.7 %².
In ALVO's tracked universe of 12 assets, FCUV sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months ALVO outperformed by 46.6 percentage points (-39.2% for ALVO against -85.8% for FCUV). Note the risk asymmetry: FCUV runs 5.4 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.
ALVO vs FCUV: side by side
| ALVO (Alvotech) | FCUV (Focus Universal Inc.) | |
|---|---|---|
| 1-year return | -39.2% | -85.8% |
| 5-year return | -56.4% | -99.4% |
| Volatility (ann.) | 52.8% | 287.5% |
| Beta vs S&P 500 | 0.81 | 0.68 |
| Max drawdown (3Y) | -82.6% | -99.8% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALVO | FCUV |
|---|---|---|
| 2022 | – | -27.7% |
| 2023 | +14.8% | -65.8% |
| 2024 | +15.2% | -76.0% |
| 2025 | -61.2% | -76.9% |
| 2026 | -4.9% | -67.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALVO and FCUV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALVO and FCUV?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.56 over the last year and 0.29 over 5 years.
Is FCUV a good diversifier for ALVO?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/alvo-vs-fcuv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alvo-vs-fcuv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALVO correlations · FCUV correlations
