CPIX vs IVVD: Correlation
How closely do Cumberland Pharmaceuticals Inc. (CPIX) and Invivyd, Inc. (IVVD) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPIX and IVVD?
Over the past 3 years, CPIX and IVVD moved with a correlation of 0.45, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.45 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 16062.6 %².
Few assets follow CPIX as closely as IVVD, which ranks #2 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with CPIX ahead by 224.8 points (+228.1% versus +3.3%). One caveat on sizing: IVVD is 2.6 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.
CPIX vs IVVD: side by side
| CPIX (Cumberland Pharmaceuticals Inc.) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | +228.1% | +3.3% |
| 5-year return | +295.6% | -97.2% |
| Volatility (ann.) | 117.9% | 305.9% |
| Beta vs S&P 500 | 0.07 | 1.87 |
| Max drawdown (3Y) | -71.9% | -92.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPIX | IVVD |
|---|---|---|
| 2022 | -51.8% | -79.3% |
| 2023 | -20.4% | +162.7% |
| 2024 | +32.4% | -88.8% |
| 2025 | +67.9% | +457.6% |
| 2026 | +180.3% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPIX and IVVD good diversifiers for each other?
Reasonably. At 0.45, CPIX and IVVD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPIX and IVVD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.15 over the last year and 0.44 over 5 years.
Is IVVD a good diversifier for CPIX?
Reasonably. At 0.45, CPIX and IVVD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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
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[](https://www.pairbook.io/pair/cpix-vs-ivvd/)
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Related comparisons
Hubs: CPIX correlations · IVVD correlations
