ARTV vs OMER: Correlation
Measured on weekly returns over the past three years, Artiva Biotherapeutics, Inc. (ARTV) and Omeros Corporation (OMER) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and OMER?
Across a 3-year window, the weekly returns of ARTV and OMER correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.36 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 6476.3 %².
Within ARTV's tracked universe of 19 assets, OMER comes in at #10 by 3-year correlation. The last year tells two different stories: OMER led by 87.8 percentage points, +265.1% for ARTV against +352.9% for OMER.
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 OMER: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | OMER (Omeros Corporation) | |
|---|---|---|
| 1-year return | +265.1% | +352.9% |
| 5-year return | n/a | +22.7% |
| Volatility (ann.) | 145.0% | 119.0% |
| Beta vs S&P 500 | 2.62 | 1.80 |
| Max drawdown (3Y) | -90.7% | -75.6% |
| Market cap | $0.6B | $1.4B |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | OMER |
|---|---|---|
| 2022 | – | -64.9% |
| 2023 | – | +44.7% |
| 2024 | – | +202.1% |
| 2025 | -57.4% | +73.9% |
| 2026 | +178.3% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and OMER good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARTV and OMER?
As of 2026-08-27, the correlation of weekly returns between ARTV and OMER is 0.36 over 3 years, 0.50 over 1 year and n/a over 5 years.
Is OMER a good diversifier for ARTV?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/artv-vs-omer.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artv-vs-omer/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARTV correlations · OMER correlations
