ARTV vs PRAX: Correlation
Measured on weekly returns over the past three years, Artiva Biotherapeutics, Inc. (ARTV) and Praxis Precision Medicines, Inc. (PRAX) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and PRAX?
Across a 3-year window, the weekly returns of ARTV and PRAX correlate at 0.58, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.58). Stretching to 5 years gives n/a, with an annualized covariance of 15879.4 %².
In ARTV's tracked universe of 19 assets, PRAX sits right near the top at #2. The last year tells two different stories: PRAX led by 418.9 percentage points, +265.1% for ARTV against +684.0% for PRAX.
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 PRAX: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | PRAX (Praxis Precision Medicines, Inc.) | |
|---|---|---|
| 1-year return | +265.1% | +684.0% |
| 5-year return | n/a | +28.6% |
| Volatility (ann.) | 145.0% | 170.9% |
| Beta vs S&P 500 | 2.62 | 2.13 |
| Max drawdown (3Y) | -90.7% | -68.6% |
| Market cap | $0.6B | $10.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | PRAX |
|---|---|---|
| 2022 | – | -87.9% |
| 2023 | – | -37.6% |
| 2024 | – | +245.4% |
| 2025 | -57.4% | +283.0% |
| 2026 | +178.3% | +24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and PRAX good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARTV and PRAX?
As of 2026-08-27, the correlation of weekly returns between ARTV and PRAX is 0.58 over 3 years, 0.68 over 1 year and n/a over 5 years.
Is PRAX a good diversifier for ARTV?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-prax.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artv-vs-prax/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARTV correlations · PRAX correlations
