BBT vs INVA: Correlation
Measured on weekly returns over the past three years, Beacon Financial Corporation (BBT) and Innoviva, Inc. (INVA) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBT and INVA?
On 3 years of weekly data the BBT/INVA correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.44). The 5-year figure is 0.33, and annualized covariance runs at 323.9 %².
By 3-year correlation, INVA places #8 of the 14 assets tracked against BBT. The last year tells two different stories: BBT led by 18.8 percentage points, +24.4% for BBT against +5.6% for INVA.
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.
BBT vs INVA: side by side
| BBT (Beacon Financial Corporation) | INVA (Innoviva, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | +5.6% |
| 5-year return | +46.9% | +36.6% |
| Volatility (ann.) | 29.2% | 25.4% |
| Beta vs S&P 500 | 0.73 | 0.21 |
| Max drawdown (3Y) | -26.4% | -23.5% |
| Market cap | $2.6B | $1.5B |
| P/E (trailing) | 10.3 | 4.9 |
| Dividend yield | 4.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBT | INVA |
|---|---|---|
| 2022 | +7.2% | -23.2% |
| 2023 | -14.3% | +21.1% |
| 2024 | +17.9% | +8.2% |
| 2025 | -4.2% | +15.2% |
| 2026 | +23.5% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and INVA good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBT and INVA?
The BBT/INVA correlation stands at 0.44 on a 3-year window (1 year: 0.56, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is INVA a good diversifier for BBT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/bbt-vs-inva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbt-vs-inva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBT correlations · INVA correlations
