AVBP vs ZURA: Correlation
How closely do ArriVent BioPharma, Inc. (AVBP) and Zura Bio Limited - Class A (ZURA) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and ZURA?
On 3 years of weekly data the AVBP/ZURA correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2235.7 %².
By 3-year correlation, ZURA places #7 of the 17 assets tracked against AVBP. Correlation aside, the last 12 months split them widely, with ZURA ahead by 109.4 points (+61.4% versus +170.8%). Risk is not evenly split, since ZURA carries 1.9 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.
AVBP vs ZURA: side by side
| AVBP (ArriVent BioPharma, Inc.) | ZURA (Zura Bio Limited - Class A) | |
|---|---|---|
| 1-year return | +61.4% | +170.8% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 52.7% | 100.1% |
| Beta vs S&P 500 | 1.06 | 1.00 |
| Max drawdown (3Y) | -54.3% | -85.8% |
| Market cap | $1.5B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | ZURA |
|---|---|---|
| 2024 | – | -46.5% |
| 2025 | -24.5% | +109.6% |
| 2026 | +54.1% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and ZURA good diversifiers for each other?
Reasonably. At 0.42, AVBP and ZURA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVBP and ZURA?
The AVBP/ZURA correlation stands at 0.42 on a 3-year window (1 year: 0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZURA a good diversifier for AVBP?
Reasonably. At 0.42, AVBP and ZURA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avbp-vs-zura/)
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Related comparisons
Hubs: AVBP correlations · ZURA correlations
