ATXG vs IVVD: Correlation
Addentax Group Corp. (ATXG) and Invivyd, Inc. (IVVD) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATXG and IVVD?
Over the past 3 years, ATXG and IVVD moved with a correlation of 0.36, which is moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.36). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 10319.1 %².
IVVD is one of the assets that tracks ATXG most closely: it ranks #2 out of the 10 assets we track against ATXG. Correlation aside, the last 12 months split them widely, with IVVD ahead by 60.8 points (-57.5% versus +3.3%). Risk is not evenly split, since IVVD carries 3.2 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.
ATXG vs IVVD: side by side
| ATXG (Addentax Group Corp.) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | -57.5% | +3.3% |
| 5-year return | -99.7% | -97.2% |
| Volatility (ann.) | 94.8% | 305.9% |
| Beta vs S&P 500 | 0.60 | 1.87 |
| Max drawdown (3Y) | -90.5% | -92.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATXG | IVVD |
|---|---|---|
| 2022 | -85.7% | -79.3% |
| 2023 | -86.6% | +162.7% |
| 2024 | -57.4% | -88.8% |
| 2025 | -36.1% | +457.6% |
| 2026 | -37.1% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATXG and IVVD good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATXG and IVVD?
As of 2026-08-27, the correlation of weekly returns between ATXG and IVVD is 0.36 over 3 years, 0.10 over 1 year and 0.27 over 5 years.
Is IVVD a good diversifier for ATXG?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/atxg-vs-ivvd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atxg-vs-ivvd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATXG correlations · IVVD correlations
