AQMS vs ARTV: Correlation
How closely do Aqua Metals, Inc. (AQMS) and Artiva Biotherapeutics, Inc. (ARTV) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQMS and ARTV?
On 3 years of weekly data the AQMS/ARTV correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.51). The 5-year figure is n/a, and annualized covariance runs at 11357.0 %².
By 3-year correlation, ARTV places #4 of the 15 assets tracked against AQMS. Correlation aside, the last 12 months split them widely, with ARTV ahead by 291.0 points (-25.9% versus +265.1%).
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.
AQMS vs ARTV: side by side
| AQMS (Aqua Metals, Inc.) | ARTV (Artiva Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | -25.9% | +265.1% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 132.6% | 145.0% |
| Beta vs S&P 500 | 1.86 | 2.62 |
| Max drawdown (3Y) | -98.9% | -90.7% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQMS | ARTV |
|---|---|---|
| 2022 | +1.6% | – |
| 2023 | -39.2% | – |
| 2024 | -83.4% | – |
| 2025 | -81.0% | -57.4% |
| 2026 | -41.5% | +178.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQMS and ARTV good diversifiers for each other?
Only partially. A correlation of 0.51 means AQMS and ARTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AQMS and ARTV?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is ARTV a good diversifier for AQMS?
Only partially. A correlation of 0.51 means AQMS and ARTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aqms-vs-artv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aqms-vs-artv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AQMS correlations · ARTV correlations
