FISV vs INBX: Correlation
Fiserv (FISV) and Inhibrx Biosciences, Inc. (INBX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and INBX?
Across a 3-year window, the weekly returns of FISV and INBX correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -870.1 %².
Within FISV's tracked universe of 39 assets, INBX comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INBX ahead by 414.2 points (-61.9% versus +352.3%). Note the risk asymmetry: INBX runs 2.1 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.
FISV vs INBX: side by side
| FISV (Fiserv) | INBX (Inhibrx Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -61.9% | +352.3% |
| 5-year return | -55.0% | n/a |
| Volatility (ann.) | 39.2% | 80.6% |
| Beta vs S&P 500 | 0.58 | 1.34 |
| Max drawdown (3Y) | -80.2% | -44.1% |
| Market cap | $28.0B | $1.8B |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | INBX |
|---|---|---|
| 2022 | -2.6% | – |
| 2023 | +31.4% | – |
| 2024 | +54.6% | – |
| 2025 | -67.3% | +413.0% |
| 2026 | -21.7% | +56.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and INBX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FISV and INBX?
As of 2026-08-27, the correlation of weekly returns between FISV and INBX is -0.25 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is INBX a good diversifier for FISV?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
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Related comparisons
Hubs: FISV correlations · INBX correlations
