ALXO vs WVVI: Correlation
Measured on weekly returns over the past three years, ALX Oncology Holdings Inc. (ALXO) and Willamette Valley Vineyards, Inc. (WVVI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALXO and WVVI?
On 3 years of weekly data the ALXO/WVVI correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.22 over 3 years. The 5-year figure is -0.11, and annualized covariance runs at -1115.8 %².
WVVI is close to the least connected end of ALXO's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with ALXO ahead by 119.4 points (+70.8% versus -48.6%). Risk is not evenly split, since ALXO carries 2.8 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.
ALXO vs WVVI: side by side
| ALXO (ALX Oncology Holdings Inc.) | WVVI (Willamette Valley Vineyards, Inc.) | |
|---|---|---|
| 1-year return | +70.8% | -48.6% |
| 5-year return | -97.2% | -82.5% |
| Volatility (ann.) | 117.5% | 42.6% |
| Beta vs S&P 500 | 1.42 | 0.37 |
| Max drawdown (3Y) | -97.7% | -65.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALXO | WVVI |
|---|---|---|
| 2022 | -47.6% | -31.1% |
| 2023 | +32.1% | -10.2% |
| 2024 | -88.8% | -37.5% |
| 2025 | -32.3% | -9.0% |
| 2026 | +81.4% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALXO and WVVI 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 ALXO and WVVI?
As of 2026-08-27, the correlation of weekly returns between ALXO and WVVI is -0.22 over 3 years, -0.33 over 1 year and -0.11 over 5 years.
Is WVVI a good diversifier for ALXO?
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?
On the −1 to +1 scale, -0.22 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.
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Related comparisons
Hubs: ALXO correlations · WVVI correlations
