ANVS vs GOOGL: Correlation
Measured on weekly returns over the past three years, Annovis Bio, Inc. (ANVS) and Alphabet Inc. (Class A) (GOOGL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANVS and GOOGL?
On 3 years of weekly data the ANVS/GOOGL correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.41 over 3. The 5-year figure is 0.33, and annualized covariance runs at 1662.1 %².
GOOGL is one of the assets that tracks ANVS most closely: it ranks #2 out of the 10 assets we track against ANVS. Their recent paths diverged sharply: over the last 12 months GOOGL outperformed by 87.7 percentage points (-23.0% for ANVS against +64.7% for GOOGL). Note the risk asymmetry: ANVS runs 4.1 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 GOOGL: side by side
| ANVS (Annovis Bio, Inc.) | GOOGL (Alphabet Inc. (Class A)) | |
|---|---|---|
| 1-year return | -23.0% | +64.7% |
| 5-year return | -95.0% | +137.7% |
| Volatility (ann.) | 130.1% | 31.4% |
| Beta vs S&P 500 | 2.62 | 1.22 |
| Max drawdown (3Y) | -93.8% | -29.8% |
| Market cap | $0.1B | $4,166.1B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 0.25% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ANVS | GOOGL |
|---|---|---|
| 2022 | -23.6% | -39.1% |
| 2023 | +39.2% | +58.3% |
| 2024 | -73.1% | +36.0% |
| 2025 | -31.2% | +66.0% |
| 2026 | -47.7% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANVS and GOOGL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANVS and GOOGL?
The ANVS/GOOGL correlation stands at 0.41 on a 3-year window (1 year: 0.47, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is GOOGL a good diversifier for ANVS?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/anvs-vs-googl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anvs-vs-googl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANVS correlations · GOOGL correlations
