AVIR vs ZD: Correlation
Measured on weekly returns over the past three years, Atea Pharmaceuticals, Inc. (AVIR) and Ziff Davis, Inc. (ZD) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVIR and ZD?
Across a 3-year window, the weekly returns of AVIR and ZD correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 1027.5 %².
ZD is one of the assets that tracks AVIR most closely: it ranks #3 out of the 13 assets we track against AVIR. Their 12-month results are close: +51.4% for AVIR against +47.7% for ZD.
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 ZD: side by side
| AVIR (Atea Pharmaceuticals, Inc.) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | +51.4% | +47.7% |
| 5-year return | -82.1% | -53.5% |
| Volatility (ann.) | 48.3% | 52.4% |
| Beta vs S&P 500 | 0.73 | 1.08 |
| Max drawdown (3Y) | -44.1% | -62.6% |
| Market cap | $0.4B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVIR | ZD |
|---|---|---|
| 2022 | -46.2% | -28.6% |
| 2023 | -36.6% | -15.1% |
| 2024 | +9.8% | -19.1% |
| 2025 | +6.6% | -35.3% |
| 2026 | +52.7% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVIR and ZD good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVIR and ZD?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.43 over the last year and 0.23 over 5 years.
Is ZD a good diversifier for AVIR?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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
$ curl https://www.pairbook.io/api/v1/pairs/avir-vs-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avir-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVIR correlations · ZD correlations
