AUPH vs NVX: Correlation
Measured on weekly returns over the past three years, Aurinia Pharmaceuticals Inc (AUPH) and NOVONIX Limited - American Depository Shares (NVX) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUPH and NVX?
Across a 3-year window, the weekly returns of AUPH and NVX correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.17). Stretching to 5 years gives 0.02, with an annualized covariance of -683.8 %².
Among the 20 assets we track against AUPH, NVX ranks #8 by 3-year correlation. The last year tells two different stories: AUPH led by 111.4 percentage points, +36.0% for AUPH against -75.4% for NVX. Risk is not evenly split, since NVX carries 2.3 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.
AUPH vs NVX: side by side
| AUPH (Aurinia Pharmaceuticals Inc) | NVX (NOVONIX Limited - American Depository Shares) | |
|---|---|---|
| 1-year return | +36.0% | -75.4% |
| 5-year return | -3.2% | -98.4% |
| Volatility (ann.) | 41.8% | 96.1% |
| Beta vs S&P 500 | 0.59 | 1.02 |
| Max drawdown (3Y) | -52.8% | -88.4% |
| Market cap | $2.2B | $0.1B |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUPH | NVX |
|---|---|---|
| 2022 | -81.1% | – |
| 2023 | +108.1% | -52.7% |
| 2024 | -0.1% | -7.2% |
| 2025 | +77.6% | -43.9% |
| 2026 | +3.3% | -64.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUPH and NVX good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUPH and NVX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.36 over the last year and 0.02 over 5 years.
Is NVX a good diversifier for AUPH?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/auph-vs-nvx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auph-vs-nvx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUPH correlations · NVX correlations
