APVO vs KUST: Correlation
Measured on weekly returns over the past three years, Aptevo Therapeutics Inc. (APVO) and Kustom Entertainment, Inc. (KUST) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APVO and KUST?
On 3 years of weekly data the APVO/KUST correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.38). The 5-year figure is 0.31, and annualized covariance runs at 5789.8 %².
KUST is one of the assets that tracks APVO most closely: it ranks #1 out of the 12 assets we track against APVO. Neither side won the trailing year by much: -92.5% against -96.6%.
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 KUST: side by side
| APVO (Aptevo Therapeutics Inc.) | KUST (Kustom Entertainment, Inc.) | |
|---|---|---|
| 1-year return | -92.5% | -96.6% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 121.4% | 124.3% |
| Beta vs S&P 500 | 0.17 | 1.75 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APVO | KUST |
|---|---|---|
| 2022 | -70.5% | -78.5% |
| 2023 | -92.2% | -53.9% |
| 2024 | -98.5% | -75.0% |
| 2025 | -99.4% | -99.9% |
| 2026 | -74.3% | -89.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APVO and KUST good diversifiers for each other?
Reasonably. At 0.38, APVO and KUST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APVO and KUST?
The APVO/KUST correlation stands at 0.38 on a 3-year window (1 year: 0.21, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is KUST a good diversifier for APVO?
Reasonably. At 0.38, APVO and KUST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-kust.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apvo-vs-kust/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APVO correlations · KUST correlations
