ENVX vs HUMA: Correlation
Enovix Corporation (ENVX) and Humacyte, Inc. (HUMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVX and HUMA?
Over the past 3 years, ENVX and HUMA moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 3555.7 %².
By 3-year correlation, HUMA places #15 of the 22 assets tracked against ENVX. The trailing year gives HUMA the advantage: -65.9% versus -54.7%, a 11.2-point spread.
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.
ENVX vs HUMA: side by side
| ENVX (Enovix Corporation) | HUMA (Humacyte, Inc.) | |
|---|---|---|
| 1-year return | -65.9% | -54.7% |
| 5-year return | -76.8% | -94.8% |
| Volatility (ann.) | 88.0% | 103.1% |
| Beta vs S&P 500 | 2.61 | 2.71 |
| Max drawdown (3Y) | -82.9% | -94.2% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVX | HUMA |
|---|---|---|
| 2022 | -54.4% | -70.9% |
| 2023 | +0.6% | +34.6% |
| 2024 | -13.2% | +77.8% |
| 2025 | -32.8% | -81.0% |
| 2026 | -50.9% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVX and HUMA good diversifiers for each other?
Reasonably. At 0.39, ENVX and HUMA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ENVX and HUMA?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.43 over the last year and 0.36 over 5 years.
Is HUMA a good diversifier for ENVX?
Reasonably. At 0.39, ENVX and HUMA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/envx-vs-huma.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/envx-vs-huma/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENVX correlations · HUMA correlations
