ENVB vs VTRS: Correlation
Measured on weekly returns over the past three years, Enveric Biosciences, Inc. (ENVB) and Viatris (VTRS) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and VTRS?
On 3 years of weekly data the ENVB/VTRS correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.08 lands near the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -875.2 %².
By 3-year correlation, VTRS places #9 of the 16 assets tracked against ENVB. Correlation aside, the last 12 months split them widely, with VTRS ahead by 159.9 points (-92.1% versus +67.8%). Note the risk asymmetry: ENVB runs 4.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ENVB vs VTRS: side by side
| ENVB (Enveric Biosciences, Inc.) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | -92.1% | +67.8% |
| 5-year return | -100.0% | +44.6% |
| Volatility (ann.) | 160.8% | 32.8% |
| Beta vs S&P 500 | 0.75 | 0.79 |
| Max drawdown (3Y) | -100.0% | -45.0% |
| Market cap | – | $19.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ENVB | VTRS |
|---|---|---|
| 2022 | -95.5% | -14.3% |
| 2023 | -37.5% | +2.1% |
| 2024 | -72.5% | +19.7% |
| 2025 | -99.6% | +5.1% |
| 2026 | -62.3% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and VTRS good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENVB and VTRS?
The ENVB/VTRS correlation stands at -0.17 on a 3-year window (1 year: -0.08, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is VTRS a good diversifier for ENVB?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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/envb-vs-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/envb-vs-vtrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENVB correlations · VTRS correlations
