AVBP vs OKUR: Correlation
How closely do ArriVent BioPharma, Inc. (AVBP) and OnKure Therapeutics, Inc. (OKUR) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and OKUR?
On 3 years of weekly data the AVBP/OKUR correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.33 over 3. The 5-year figure is n/a, and annualized covariance runs at 1187.6 %².
Within AVBP's tracked universe of 17 assets, OKUR comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AVBP outperformed by 24.6 percentage points (+61.4% for AVBP against +36.8% for OKUR). One caveat on sizing: OKUR is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 OKUR: side by side
| AVBP (ArriVent BioPharma, Inc.) | OKUR (OnKure Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +61.4% | +36.8% |
| 5-year return | n/a | -96.0% |
| Volatility (ann.) | 52.7% | 81.5% |
| Beta vs S&P 500 | 1.06 | 0.59 |
| Max drawdown (3Y) | -54.3% | -97.8% |
| Market cap | $1.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | OKUR |
|---|---|---|
| 2022 | – | -72.7% |
| 2023 | – | -31.3% |
| 2024 | – | -46.2% |
| 2025 | -24.5% | -66.3% |
| 2026 | +54.1% | +32.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and OKUR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVBP and OKUR?
The AVBP/OKUR correlation stands at 0.33 on a 3-year window (1 year: 0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OKUR a good diversifier for AVBP?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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.
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Related comparisons
Hubs: AVBP correlations · OKUR correlations
