ANVS vs GOOG: Correlation
Annovis Bio, Inc. (ANVS) and Alphabet Inc. (Class C) (GOOG) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANVS and GOOG?
On 3 years of weekly data the ANVS/GOOG correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 1637.0 %².
GOOG is one of the assets that tracks ANVS most closely: it ranks #3 out of the 10 assets we track against ANVS. Correlation aside, the last 12 months split them widely, with GOOG ahead by 85.7 points (-23.0% versus +62.7%). Note the risk asymmetry: ANVS runs 4.2 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.
ANVS vs GOOG: side by side
| ANVS (Annovis Bio, Inc.) | GOOG (Alphabet Inc. (Class C)) | |
|---|---|---|
| 1-year return | -23.0% | +62.7% |
| 5-year return | -95.0% | +134.2% |
| Volatility (ann.) | 130.1% | 31.1% |
| Beta vs S&P 500 | 2.62 | 1.20 |
| Max drawdown (3Y) | -93.8% | -29.4% |
| Market cap | $0.1B | $4,130.2B |
| P/E (trailing) | – | 17.0 |
| Dividend yield | 0.00% | 0.25% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ANVS | GOOG |
|---|---|---|
| 2022 | -23.6% | -38.7% |
| 2023 | +39.2% | +58.8% |
| 2024 | -73.1% | +35.6% |
| 2025 | -31.2% | +65.4% |
| 2026 | -47.7% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANVS and GOOG good diversifiers for each other?
Reasonably. At 0.40, ANVS and GOOG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANVS and GOOG?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.45 over the last year and 0.33 over 5 years.
Is GOOG a good diversifier for ANVS?
Reasonably. At 0.40, ANVS and GOOG keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
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Related comparisons
Hubs: ANVS correlations · GOOG correlations
