AVIR vs QETA: Correlation
How closely do Atea Pharmaceuticals, Inc. (AVIR) and Quetta Acquisition Corporation (QETA) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVIR and QETA?
Over the past 3 years, AVIR and QETA moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -78.3 %².
QETA is close to the least connected end of AVIR's tracked universe, ranking #12 of 13. The last year tells two different stories: AVIR led by 46.5 percentage points, +51.4% for AVIR against +4.9% for QETA. Risk is not evenly split, since AVIR carries 9.3 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.
AVIR vs QETA: side by side
| AVIR (Atea Pharmaceuticals, Inc.) | QETA (Quetta Acquisition Corporation) | |
|---|---|---|
| 1-year return | +51.4% | +4.9% |
| 5-year return | -82.1% | n/a |
| Volatility (ann.) | 48.3% | 5.2% |
| Beta vs S&P 500 | 0.73 | -0.04 |
| Max drawdown (3Y) | -44.1% | -5.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 51.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVIR | QETA |
|---|---|---|
| 2022 | -46.2% | – |
| 2023 | -36.6% | – |
| 2024 | +9.8% | +4.4% |
| 2025 | +6.6% | +7.6% |
| 2026 | +52.7% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVIR and QETA good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVIR and QETA?
As of 2026-08-27, the correlation of weekly returns between AVIR and QETA is -0.31 over 3 years, -0.49 over 1 year and n/a over 5 years.
Is QETA a good diversifier for AVIR?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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/avir-vs-qeta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avir-vs-qeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVIR correlations · QETA correlations
