APVO vs IZM: Correlation
Aptevo Therapeutics Inc. (APVO) and ICZOOM Group Inc. - Class A (IZM) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APVO and IZM?
Across a 3-year window, the weekly returns of APVO and IZM correlate at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -5373.7 %².
Among the 12 assets we track against APVO, IZM sits near the bottom by co-movement, at rank #12. Neither side won the trailing year by much: -92.5% against -90.2%.
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.
APVO vs IZM: side by side
| APVO (Aptevo Therapeutics Inc.) | IZM (ICZOOM Group Inc. - Class A) | |
|---|---|---|
| 1-year return | -92.5% | -90.2% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 121.4% | 159.2% |
| Beta vs S&P 500 | 0.17 | -0.15 |
| Max drawdown (3Y) | -100.0% | -99.5% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | 2.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APVO | IZM |
|---|---|---|
| 2022 | -70.5% | – |
| 2023 | -92.2% | – |
| 2024 | -98.5% | -83.8% |
| 2025 | -99.4% | +50.3% |
| 2026 | -74.3% | -90.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APVO and IZM good diversifiers for each other?
Yes. With a correlation of -0.28, APVO and IZM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APVO and IZM?
As of 2026-08-27, the correlation of weekly returns between APVO and IZM is -0.28 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is IZM a good diversifier for APVO?
Yes. With a correlation of -0.28, APVO and IZM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/apvo-vs-izm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apvo-vs-izm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APVO correlations · IZM correlations
