ARTV vs PZZA: Correlation
Measured on weekly returns over the past three years, Artiva Biotherapeutics, Inc. (ARTV) and Papa John's International, Inc. (PZZA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and PZZA?
On 3 years of weekly data the ARTV/PZZA correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.37). The 5-year figure is n/a, and annualized covariance runs at 2904.9 %².
By 3-year correlation, PZZA places #9 of the 19 assets tracked against ARTV. The last year tells two different stories: ARTV led by 315.4 percentage points, +265.1% for ARTV against -50.3% for PZZA. Risk is not evenly split, since ARTV carries 3.0 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 PZZA: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | PZZA (Papa John's International, Inc.) | |
|---|---|---|
| 1-year return | +265.1% | -50.3% |
| 5-year return | n/a | -78.5% |
| Volatility (ann.) | 145.0% | 48.3% |
| Beta vs S&P 500 | 2.62 | 0.83 |
| Max drawdown (3Y) | -90.7% | -66.8% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | – | 29.0 |
| Dividend yield | 0.00% | 7.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | PZZA |
|---|---|---|
| 2022 | – | -37.3% |
| 2023 | – | -5.3% |
| 2024 | – | -44.2% |
| 2025 | -57.4% | -2.0% |
| 2026 | +178.3% | -38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and PZZA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARTV and PZZA?
The ARTV/PZZA correlation stands at 0.37 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PZZA a good diversifier for ARTV?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/artv-vs-pzza.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artv-vs-pzza/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARTV correlations · PZZA correlations
