ARTV vs IRON: Correlation
How closely do Artiva Biotherapeutics, Inc. (ARTV) and Disc Medicine, Inc. (IRON) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and IRON?
Over the past 3 years, ARTV and IRON moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.46 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3545.5 %².
By 3-year correlation, IRON places #7 of the 19 assets tracked against ARTV. The last year tells two different stories: ARTV led by 227.4 percentage points, +265.1% for ARTV against +37.7% for IRON. Risk is not evenly split, since ARTV carries 2.4 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.
ARTV vs IRON: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | IRON (Disc Medicine, Inc.) | |
|---|---|---|
| 1-year return | +265.1% | +37.7% |
| 5-year return | n/a | -32.4% |
| Volatility (ann.) | 145.0% | 59.7% |
| Beta vs S&P 500 | 2.62 | 1.70 |
| Max drawdown (3Y) | -90.7% | -64.8% |
| Market cap | $0.6B | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | IRON |
|---|---|---|
| 2022 | – | -77.2% |
| 2023 | – | +190.4% |
| 2024 | – | +9.8% |
| 2025 | -57.4% | +25.3% |
| 2026 | +178.3% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and IRON good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARTV and IRON?
The ARTV/IRON correlation stands at 0.46 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IRON a good diversifier for ARTV?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/artv-vs-iron.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artv-vs-iron/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARTV correlations · IRON correlations
