BBAI vs IVVD: Correlation
BigBear.ai, Inc. (BBAI) and Invivyd, Inc. (IVVD) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAI and IVVD?
On 3 years of weekly data the BBAI/IVVD correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.45). The 5-year figure is 0.29, and annualized covariance runs at 17253.6 %².
Within BBAI's tracked universe of 12 assets, IVVD comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IVVD outperformed by 41.1 percentage points (-37.8% for BBAI against +3.3% for IVVD). One caveat on sizing: IVVD is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBAI vs IVVD: side by side
| BBAI (BigBear.ai, Inc.) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | -37.8% | +3.3% |
| 5-year return | -67.6% | -97.2% |
| Volatility (ann.) | 126.2% | 305.9% |
| Beta vs S&P 500 | 3.30 | 1.87 |
| Max drawdown (3Y) | -75.6% | -92.9% |
| Market cap | $1.5B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBAI | IVVD |
|---|---|---|
| 2022 | -88.1% | -79.3% |
| 2023 | +217.5% | +162.7% |
| 2024 | +107.9% | -88.8% |
| 2025 | +21.3% | +457.6% |
| 2026 | -40.9% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAI and IVVD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBAI and IVVD?
As of 2026-08-27, the correlation of weekly returns between BBAI and IVVD is 0.45 over 3 years, 0.13 over 1 year and 0.29 over 5 years.
Is IVVD a good diversifier for BBAI?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/bbai-vs-ivvd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbai-vs-ivvd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBAI correlations · IVVD correlations
