BIVI vs VANI: Correlation
BioVie Inc. (BIVI) and Vivani Medical, Inc. (VANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIVI and VANI?
On 3 years of weekly data the BIVI/VANI correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.35 over 3 years. The 5-year figure is 0.25, and annualized covariance runs at 6042.2 %².
By 3-year correlation, VANI places #5 of the 12 assets tracked against BIVI. Their recent paths diverged sharply: over the last 12 months BIVI outperformed by 20.4 percentage points (+35.2% for BIVI against +14.8% for VANI).
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.
BIVI vs VANI: side by side
| BIVI (BioVie Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | +14.8% |
| 5-year return | -99.7% | -87.4% |
| Volatility (ann.) | 139.8% | 123.8% |
| Beta vs S&P 500 | 1.45 | 1.29 |
| Max drawdown (3Y) | -99.8% | -77.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIVI | VANI |
|---|---|---|
| 2022 | +72.7% | -82.6% |
| 2023 | -83.8% | +20.0% |
| 2024 | -84.1% | +13.7% |
| 2025 | -94.2% | +6.0% |
| 2026 | +88.8% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIVI and VANI good diversifiers for each other?
Reasonably. At 0.35, BIVI and VANI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BIVI and VANI?
As of 2026-08-27, the correlation of weekly returns between BIVI and VANI is 0.35 over 3 years, 0.11 over 1 year and 0.25 over 5 years.
Is VANI a good diversifier for BIVI?
Reasonably. At 0.35, BIVI and VANI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
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Related comparisons
Hubs: BIVI correlations · VANI correlations
