AVTX vs IBIO: Correlation
Avalo Therapeutics, Inc. (AVTX) and iBio, Inc. (IBIO) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and IBIO?
Across a 3-year window, the weekly returns of AVTX and IBIO correlate at 0.78, strong. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.78 over 3 years. Stretching to 5 years gives 0.62, with an annualized covariance of 34545.8 %².
Few assets follow AVTX as closely as IBIO, which ranks #1 of 17 tracked partners. Correlation aside, the last 12 months split them widely, with AVTX ahead by 35.0 points (+107.8% versus +72.8%).
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.
AVTX vs IBIO: side by side
| AVTX (Avalo Therapeutics, Inc.) | IBIO (iBio, Inc.) | |
|---|---|---|
| 1-year return | +107.8% | +72.8% |
| 5-year return | -99.8% | -99.8% |
| Volatility (ann.) | 225.5% | 196.4% |
| Beta vs S&P 500 | 1.22 | 1.36 |
| Max drawdown (3Y) | -93.3% | -92.9% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | IBIO |
|---|---|---|
| 2022 | -75.3% | -96.8% |
| 2023 | -99.2% | -84.4% |
| 2024 | -18.4% | +78.8% |
| 2025 | +144.4% | -21.2% |
| 2026 | +10.4% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and IBIO good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVTX and IBIO?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.23 over the last year and 0.62 over 5 years.
Is IBIO a good diversifier for AVTX?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avtx-vs-ibio.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avtx-vs-ibio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVTX correlations · IBIO correlations
