EVGN vs PMVP: Correlation
How closely do Evogene Ltd. (EVGN) and PMV Pharmaceuticals, Inc. (PMVP) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVGN and PMVP?
On 3 years of weekly data the EVGN/PMVP correlation comes out at 0.32, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.32). The 5-year figure is 0.22, and annualized covariance runs at 1995.0 %².
Among the 10 assets we track against EVGN, PMVP ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PMVP outperformed by 46.2 percentage points (-58.9% for EVGN against -12.7% for PMVP).
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.
EVGN vs PMVP: side by side
| EVGN (Evogene Ltd.) | PMVP (PMV Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -58.9% | -12.7% |
| 5-year return | -97.9% | -95.9% |
| Volatility (ann.) | 71.8% | 86.3% |
| Beta vs S&P 500 | 1.04 | 1.29 |
| Max drawdown (3Y) | -96.0% | -88.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVGN | PMVP |
|---|---|---|
| 2022 | -57.3% | -62.3% |
| 2023 | +20.0% | -64.4% |
| 2024 | -77.7% | -51.3% |
| 2025 | -41.2% | -17.2% |
| 2026 | -51.1% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVGN and PMVP good diversifiers for each other?
Reasonably. At 0.32, EVGN and PMVP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVGN and PMVP?
As of 2026-08-27, the correlation of weekly returns between EVGN and PMVP is 0.32 over 3 years, 0.18 over 1 year and 0.22 over 5 years.
Is PMVP a good diversifier for EVGN?
Reasonably. At 0.32, EVGN and PMVP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evgn-vs-pmvp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evgn-vs-pmvp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVGN correlations · PMVP correlations
