APVO vs PPLI: Correlation
How closely do Aptevo Therapeutics Inc. (APVO) and People Incorporated (PPLI) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APVO and PPLI?
On 3 years of weekly data the APVO/PPLI correlation comes out at 0.29, weak. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 1121.2 %².
By 3-year correlation, PPLI places #5 of the 12 assets tracked against APVO. The last year tells two different stories: PPLI led by 99.5 percentage points, -92.5% for APVO against +7.0% for PPLI. Risk is not evenly split, since APVO carries 3.8 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.
APVO vs PPLI: side by side
| APVO (Aptevo Therapeutics Inc.) | PPLI (People Incorporated) | |
|---|---|---|
| 1-year return | -92.5% | +7.0% |
| 5-year return | -100.0% | -63.8% |
| Volatility (ann.) | 121.4% | 32.1% |
| Beta vs S&P 500 | 0.17 | 0.98 |
| Max drawdown (3Y) | -100.0% | -33.4% |
| Market cap | – | $2.9B |
| P/E (trailing) | 0.0 | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APVO | PPLI |
|---|---|---|
| 2022 | -70.5% | -66.0% |
| 2023 | -92.2% | +18.0% |
| 2024 | -98.5% | -17.6% |
| 2025 | -99.4% | +10.5% |
| 2026 | -74.3% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APVO and PPLI good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APVO and PPLI?
The APVO/PPLI correlation stands at 0.29 on a 3-year window (1 year: 0.26, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is PPLI a good diversifier for APVO?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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/apvo-vs-ppli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apvo-vs-ppli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APVO correlations · PPLI correlations
