FBYD vs IVVD: Correlation
Falcon's Beyond Global, Inc. (FBYD) and Invivyd, Inc. (IVVD) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBYD and IVVD?
On 3 years of weekly data the FBYD/IVVD correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.38 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 16437.1 %².
In FBYD's tracked universe of 13 assets, IVVD sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months FBYD outperformed by 37.0 percentage points (+40.3% for FBYD against +3.3% for IVVD). One caveat on sizing: IVVD is 2.2 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.
FBYD vs IVVD: side by side
| FBYD (Falcon's Beyond Global, Inc.) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | +40.3% | +3.3% |
| 5-year return | n/a | -97.2% |
| Volatility (ann.) | 137.7% | 305.9% |
| Beta vs S&P 500 | 0.37 | 1.87 |
| Max drawdown (3Y) | -81.2% | -92.9% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBYD | IVVD |
|---|---|---|
| 2022 | – | -79.3% |
| 2023 | – | +162.7% |
| 2024 | -22.0% | -88.8% |
| 2025 | +87.8% | +457.6% |
| 2026 | -33.4% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBYD and IVVD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FBYD and IVVD?
As of 2026-08-27, the correlation of weekly returns between FBYD and IVVD is 0.38 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is IVVD a good diversifier for FBYD?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/fbyd-vs-ivvd.json
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[](https://www.pairbook.io/pair/fbyd-vs-ivvd/)
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Related comparisons
Hubs: FBYD correlations · IVVD correlations
