BIRD vs RVMD: Correlation
Smartbird, Inc. (BIRD) and Revolution Medicines, Inc. (RVMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIRD and RVMD?
Over the past 3 years, BIRD and RVMD moved with a correlation of 0.51, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.51 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 7398.1 %².
Among the 17 assets we track against BIRD, RVMD ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVMD outperformed by 532.8 percentage points (-51.4% for BIRD against +481.4% for RVMD). Risk is not evenly split, since BIRD carries 3.5 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.
BIRD vs RVMD: side by side
| BIRD (Smartbird, Inc.) | RVMD (Revolution Medicines, Inc.) | |
|---|---|---|
| 1-year return | -51.4% | +481.4% |
| 5-year return | -99.5% | +680.1% |
| Volatility (ann.) | 225.6% | 64.9% |
| Beta vs S&P 500 | 3.94 | 1.64 |
| Max drawdown (3Y) | -92.3% | -48.6% |
| Market cap | – | $47.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIRD | RVMD |
|---|---|---|
| 2022 | -84.0% | -5.4% |
| 2023 | -49.4% | +20.4% |
| 2024 | -71.6% | +52.5% |
| 2025 | -41.2% | +82.1% |
| 2026 | -22.7% | +177.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIRD and RVMD good diversifiers for each other?
Only partially. A correlation of 0.51 means BIRD and RVMD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BIRD and RVMD?
The BIRD/RVMD correlation stands at 0.51 on a 3-year window (1 year: 0.65, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is RVMD a good diversifier for BIRD?
Only partially. A correlation of 0.51 means BIRD and RVMD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/bird-vs-rvmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bird-vs-rvmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIRD correlations · RVMD correlations
