ARTV vs PM: Correlation
Measured on weekly returns over the past three years, Artiva Biotherapeutics, Inc. (ARTV) and Philip Morris International (PM) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and PM?
Across a 3-year window, the weekly returns of ARTV and PM correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -846.6 %².
Out of 19 assets tracked against ARTV, PM lands near the bottom at #17. The last year tells two different stories: ARTV led by 244.9 percentage points, +265.1% for ARTV against +20.2% for PM. One caveat on sizing: ARTV is 6.3 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 PM: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | +265.1% | +20.2% |
| 5-year return | n/a | +133.5% |
| Volatility (ann.) | 145.0% | 23.1% |
| Beta vs S&P 500 | 2.62 | -0.01 |
| Max drawdown (3Y) | -90.7% | -20.6% |
| Market cap | $0.6B | $296.9B |
| P/E (trailing) | – | 26.7 |
| Dividend yield | 0.00% | 3.03% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ARTV | PM |
|---|---|---|
| 2022 | – | +12.3% |
| 2023 | – | -1.9% |
| 2024 | – | +34.3% |
| 2025 | -57.4% | +38.0% |
| 2026 | +178.3% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and PM good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARTV and PM?
As of 2026-08-27, the correlation of weekly returns between ARTV and PM is -0.23 over 3 years, -0.13 over 1 year and n/a over 5 years.
Is PM a good diversifier for ARTV?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artv-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARTV correlations · PM correlations
