GBAB vs VIVS: Correlation
Guggenheim Taxable Municipal Bond & Investment Grade Debt (GBAB) and VivoSim Labs, Inc. (VIVS) 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 GBAB and VIVS?
Across a 3-year window, the weekly returns of GBAB and VIVS correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 578.9 %².
Within GBAB's tracked universe of 11 assets, VIVS comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GBAB outperformed by 83.1 percentage points (-1.0% for GBAB against -84.1% for VIVS). One caveat on sizing: VIVS is 8.1 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.
GBAB vs VIVS: side by side
| GBAB (Guggenheim Taxable Municipal Bond & Investment Grade Debt) | VIVS (VivoSim Labs, Inc.) | |
|---|---|---|
| 1-year return | -1.0% | -84.1% |
| 5-year return | -11.9% | -99.7% |
| Volatility (ann.) | 13.5% | 109.4% |
| Beta vs S&P 500 | 0.20 | 1.58 |
| Max drawdown (3Y) | -17.3% | -98.7% |
| Market cap | $0.4B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBAB | VIVS |
|---|---|---|
| 2022 | -25.1% | -61.2% |
| 2023 | +8.6% | -21.3% |
| 2024 | +2.9% | -58.6% |
| 2025 | +8.4% | -67.2% |
| 2026 | -0.6% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBAB and VIVS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GBAB and VIVS?
As of 2026-08-27, the correlation of weekly returns between GBAB and VIVS is 0.39 over 3 years, 0.40 over 1 year and 0.31 over 5 years.
Is VIVS a good diversifier for GBAB?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/gbab-vs-vivs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gbab-vs-vivs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBAB correlations · VIVS correlations
