ARWR vs VYGR: Correlation
Arrowhead Pharmaceuticals, Inc. (ARWR) and Voyager Therapeutics, Inc. (VYGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARWR and VYGR?
Over the past 3 years, ARWR and VYGR moved with a correlation of 0.52, which is moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.52). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 2063.2 %².
Among the 12 assets we track against ARWR, VYGR ranks #4 by 3-year correlation. The last year tells two different stories: ARWR led by 305.4 percentage points, +306.6% for ARWR against +1.2% for VYGR.
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.
ARWR vs VYGR: side by side
| ARWR (Arrowhead Pharmaceuticals, Inc.) | VYGR (Voyager Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +306.6% | +1.2% |
| 5-year return | +32.5% | +7.5% |
| Volatility (ann.) | 65.8% | 60.2% |
| Beta vs S&P 500 | 2.19 | 1.35 |
| Max drawdown (3Y) | -74.7% | -74.8% |
| Market cap | $12.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARWR | VYGR |
|---|---|---|
| 2022 | -38.8% | +125.1% |
| 2023 | -24.6% | +38.4% |
| 2024 | -38.6% | -32.8% |
| 2025 | +253.1% | -30.7% |
| 2026 | +33.4% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARWR and VYGR good diversifiers for each other?
Only partially. A correlation of 0.52 means ARWR and VYGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARWR and VYGR?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.38 over the last year and 0.25 over 5 years.
Is VYGR a good diversifier for ARWR?
Only partially. A correlation of 0.52 means ARWR and VYGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: ARWR correlations · VYGR correlations
