CIRC vs NVAX: Correlation
Circle8 Group, Inc. (CIRC) and Novavax, Inc. (NVAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIRC and NVAX?
Across a 3-year window, the weekly returns of CIRC and NVAX correlate at 0.40, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.40). Stretching to 5 years gives 0.30, with an annualized covariance of 7114.5 %².
In CIRC's tracked universe of 14 assets, NVAX sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months NVAX outperformed by 102.9 percentage points (-83.5% for CIRC against +19.4% for NVAX). Risk is not evenly split, since CIRC carries 2.4 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.
CIRC vs NVAX: side by side
| CIRC (Circle8 Group, Inc.) | NVAX (Novavax, Inc.) | |
|---|---|---|
| 1-year return | -83.5% | +19.4% |
| 5-year return | -99.7% | -96.1% |
| Volatility (ann.) | 207.6% | 86.3% |
| Beta vs S&P 500 | -0.24 | 1.77 |
| Max drawdown (3Y) | -98.0% | -74.1% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIRC | NVAX |
|---|---|---|
| 2022 | -84.4% | -92.8% |
| 2023 | -64.5% | -53.3% |
| 2024 | +18.2% | +67.5% |
| 2025 | -72.7% | -16.4% |
| 2026 | -46.8% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIRC and NVAX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CIRC and NVAX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.30 over the last year and 0.30 over 5 years.
Is NVAX a good diversifier for CIRC?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/circ-vs-nvax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/circ-vs-nvax/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIRC correlations · NVAX correlations
