ARVN vs IBB: Correlation
Arvinas, Inc. (ARVN) and iShares Biotechnology ETF (IBB) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARVN and IBB?
Over the past 3 years, ARVN and IBB moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 742.1 %².
Among the 18 assets we track against ARVN, IBB ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IBB outperformed by 41.0 percentage points (+14.4% for ARVN against +55.4% for IBB). Risk is not evenly split, since ARVN carries 3.6 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.
ARVN vs IBB: side by side
| ARVN (Arvinas, Inc.) | IBB (iShares Biotechnology ETF) | |
|---|---|---|
| 1-year return | +14.4% | +55.4% |
| 5-year return | -89.2% | +26.6% |
| Volatility (ann.) | 73.6% | 20.7% |
| Beta vs S&P 500 | 1.55 | 0.81 |
| Max drawdown (3Y) | -88.4% | -24.9% |
| Market cap | $0.6B | – |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 0.00% | 0.22% |
| Expense ratio | – | 0.44% |
| Assets under management | – | $9.2B |
| Sector / category | US Listed | ETF · Thematic |
IBB, iShares's Health fund, carries $9.2B under management, 235 holdings, a 0.44% expense ratio, a 0.22% trailing dividend yield.
Year-by-year returns
| Year | ARVN | IBB |
|---|---|---|
| 2022 | -58.4% | -13.7% |
| 2023 | +20.3% | +3.8% |
| 2024 | -53.4% | -2.4% |
| 2025 | -38.1% | +28.0% |
| 2026 | -22.1% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARVN and IBB good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARVN and IBB?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.55 over the last year and 0.52 over 5 years.
Is IBB a good diversifier for ARVN?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/arvn-vs-ibb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arvn-vs-ibb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARVN correlations · IBB correlations
