AVBP vs XBI: Correlation
ArriVent BioPharma, Inc. (AVBP) and SPDR S&P Biotech ETF (XBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and XBI?
Over the past 3 years, AVBP and XBI moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.53 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 738.8 %².
In AVBP's tracked universe of 17 assets, XBI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with XBI ahead by 25.8 points (+61.4% versus +87.2%). Note the risk asymmetry: AVBP runs 1.9 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 XBI: side by side
| AVBP (ArriVent BioPharma, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +61.4% | +87.2% |
| 5-year return | n/a | +28.6% |
| Volatility (ann.) | 52.7% | 27.7% |
| Beta vs S&P 500 | 1.06 | 1.09 |
| Max drawdown (3Y) | -54.3% | -33.0% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | AVBP | XBI |
|---|---|---|
| 2022 | – | -25.9% |
| 2023 | – | +7.6% |
| 2024 | – | +1.0% |
| 2025 | -24.5% | +35.9% |
| 2026 | +54.1% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and XBI good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVBP and XBI?
The AVBP/XBI correlation stands at 0.53 on a 3-year window (1 year: 0.58, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is XBI a good diversifier for AVBP?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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 · XBI correlations
