ARTV vs NNVC: Correlation
Artiva Biotherapeutics, Inc. (ARTV) and NanoViricides, Inc. (NNVC) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and NNVC?
On 3 years of weekly data the ARTV/NNVC correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 3420.1 %².
Among the 19 assets we track against ARTV, NNVC ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARTV outperformed by 275.0 percentage points (+265.1% for ARTV against -9.9% for NNVC). One caveat on sizing: ARTV is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NNVC: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | NNVC (NanoViricides, Inc.) | |
|---|---|---|
| 1-year return | +265.1% | -9.9% |
| 5-year return | n/a | -66.8% |
| Volatility (ann.) | 145.0% | 79.5% |
| Beta vs S&P 500 | 2.62 | 0.87 |
| Max drawdown (3Y) | -90.7% | -74.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | NNVC |
|---|---|---|
| 2022 | – | -70.2% |
| 2023 | – | -8.1% |
| 2024 | – | +40.2% |
| 2025 | -57.4% | -21.0% |
| 2026 | +178.3% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and NNVC good diversifiers for each other?
Reasonably. At 0.33, ARTV and NNVC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARTV and NNVC?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is NNVC a good diversifier for ARTV?
Reasonably. At 0.33, ARTV and NNVC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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.
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Related comparisons
Hubs: ARTV correlations · NNVC correlations
