EL vs IVVD: Correlation
Measured on weekly returns over the past three years, Estée Lauder Companies (The) (EL) and Invivyd, Inc. (IVVD) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and IVVD?
Over the past 3 years, EL and IVVD moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.11 versus -0.19 over 3 years. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -2801.5 %².
By 3-year correlation, IVVD places #28 of the 35 assets tracked against EL. On 12-month performance EL holds a 13.1-point edge, +16.4% against +3.3%. Risk is not evenly split, since IVVD carries 6.5 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.
EL vs IVVD: side by side
| EL (Estée Lauder Companies (The)) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | +3.3% |
| 5-year return | -66.7% | -97.2% |
| Volatility (ann.) | 47.0% | 305.9% |
| Beta vs S&P 500 | 1.28 | 1.87 |
| Max drawdown (3Y) | -68.4% | -92.9% |
| Market cap | $38.4B | $0.3B |
| P/E (trailing) | 208.3 | – |
| Dividend yield | 1.33% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | EL | IVVD |
|---|---|---|
| 2022 | -32.3% | -79.3% |
| 2023 | -40.1% | +162.7% |
| 2024 | -47.6% | -88.8% |
| 2025 | +42.1% | +457.6% |
| 2026 | +2.1% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and IVVD good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between EL and IVVD?
As of 2026-08-27, the correlation of weekly returns between EL and IVVD is -0.19 over 3 years, 0.11 over 1 year and -0.15 over 5 years.
Is IVVD a good diversifier for EL?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/el-vs-ivvd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/el-vs-ivvd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EL correlations · IVVD correlations
