ARVN vs RJET: Correlation
How closely do Arvinas, Inc. (ARVN) and Republic Airways Holdings Inc. (RJET) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARVN and RJET?
On 3 years of weekly data the ARVN/RJET correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.36 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 2361.7 %².
Among the 18 assets we track against ARVN, RJET ranks #12 by 3-year correlation. Over the last 12 months ARVN came out ahead by 13.9 percentage points (+14.4% against +0.5%).
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 RJET: side by side
| ARVN (Arvinas, Inc.) | RJET (Republic Airways Holdings Inc.) | |
|---|---|---|
| 1-year return | +14.4% | +0.5% |
| 5-year return | -89.2% | -84.5% |
| Volatility (ann.) | 73.6% | 89.1% |
| Beta vs S&P 500 | 1.55 | 1.76 |
| Max drawdown (3Y) | -88.4% | -70.7% |
| Market cap | $0.6B | $0.9B |
| P/E (trailing) | 35.5 | 12.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARVN | RJET |
|---|---|---|
| 2022 | -58.4% | -72.7% |
| 2023 | +20.3% | -34.0% |
| 2024 | -53.4% | +14.9% |
| 2025 | -38.1% | +5.6% |
| 2026 | -22.1% | +0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARVN and RJET good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARVN and RJET?
The ARVN/RJET correlation stands at 0.36 on a 3-year window (1 year: 0.15, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is RJET a good diversifier for ARVN?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/arvn-vs-rjet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arvn-vs-rjet/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARVN correlations · RJET correlations
