ARVN vs KMDA: Correlation
Measured on weekly returns over the past three years, Arvinas, Inc. (ARVN) and Kamada Ltd. (KMDA) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARVN and KMDA?
Over the past 3 years, ARVN and KMDA moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.43). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1157.4 %².
By 3-year correlation, KMDA places #8 of the 18 assets tracked against ARVN. Twelve-month performance is nearly a tie, at +14.4% for ARVN and +19.4% for KMDA. One caveat on sizing: ARVN is 2.0 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.
ARVN vs KMDA: side by side
| ARVN (Arvinas, Inc.) | KMDA (Kamada Ltd.) | |
|---|---|---|
| 1-year return | +14.4% | +19.4% |
| 5-year return | -89.2% | +62.4% |
| Volatility (ann.) | 73.6% | 36.7% |
| Beta vs S&P 500 | 1.55 | 0.75 |
| Max drawdown (3Y) | -88.4% | -28.9% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | 35.5 | 22.3 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARVN | KMDA |
|---|---|---|
| 2022 | -58.4% | -39.1% |
| 2023 | +20.3% | +52.6% |
| 2024 | -53.4% | -0.5% |
| 2025 | -38.1% | +19.2% |
| 2026 | -22.1% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARVN and KMDA good diversifiers for each other?
Reasonably. At 0.43, ARVN and KMDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARVN and KMDA?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.29 over the last year and 0.41 over 5 years.
Is KMDA a good diversifier for ARVN?
Reasonably. At 0.43, ARVN and KMDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-kmda.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arvn-vs-kmda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARVN correlations · KMDA correlations
