AVBP vs LXRX: Correlation
ArriVent BioPharma, Inc. (AVBP) and Lexicon Pharmaceuticals, Inc. (LXRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and LXRX?
Over the past 3 years, AVBP and LXRX moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.40 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2204.6 %².
Among the 17 assets we track against AVBP, LXRX ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LXRX ahead by 43.9 points (+61.4% versus +105.3%). Note the risk asymmetry: LXRX runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AVBP vs LXRX: side by side
| AVBP (ArriVent BioPharma, Inc.) | LXRX (Lexicon Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +61.4% | +105.3% |
| 5-year return | n/a | -48.7% |
| Volatility (ann.) | 52.7% | 105.2% |
| Beta vs S&P 500 | 1.06 | 1.98 |
| Max drawdown (3Y) | -54.3% | -91.9% |
| Market cap | $1.5B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | LXRX |
|---|---|---|
| 2022 | – | -51.5% |
| 2023 | – | -19.9% |
| 2024 | – | -51.6% |
| 2025 | -24.5% | +55.4% |
| 2026 | +54.1% | +101.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and LXRX good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVBP and LXRX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.36 over the last year and n/a over 5 years.
Is LXRX a good diversifier for AVBP?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avbp-vs-lxrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avbp-vs-lxrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVBP correlations · LXRX correlations
