AVBP vs PCVX: Correlation
How closely do ArriVent BioPharma, Inc. (AVBP) and Vaxcyte, Inc. (PCVX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and PCVX?
Over the past 3 years, AVBP and PCVX moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.46 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1486.8 %².
Within AVBP's tracked universe of 17 assets, PCVX comes in at #4 by 3-year correlation. The last year tells two different stories: PCVX led by 38.8 percentage points, +61.4% for AVBP against +100.2% for PCVX.
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 PCVX: side by side
| AVBP (ArriVent BioPharma, Inc.) | PCVX (Vaxcyte, Inc.) | |
|---|---|---|
| 1-year return | +61.4% | +100.2% |
| 5-year return | n/a | +130.8% |
| Volatility (ann.) | 52.7% | 57.9% |
| Beta vs S&P 500 | 1.06 | 1.40 |
| Max drawdown (3Y) | -54.3% | -76.2% |
| Market cap | $1.5B | $9.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | PCVX |
|---|---|---|
| 2022 | – | +101.6% |
| 2023 | – | +31.0% |
| 2024 | – | +30.4% |
| 2025 | -24.5% | -43.6% |
| 2026 | +54.1% | +32.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and PCVX good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVBP and PCVX?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.53 over the last year and n/a over 5 years.
Is PCVX a good diversifier for AVBP?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/avbp-vs-pcvx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avbp-vs-pcvx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVBP correlations · PCVX correlations
