HII vs IVVD: Correlation
Huntington Ingalls Industries (HII) and Invivyd, Inc. (IVVD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HII and IVVD?
Over the past 3 years, HII and IVVD moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.21). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -2272.4 %².
Within HII's tracked universe of 28 assets, IVVD comes in at #23 by 3-year correlation. Over the last 12 months HII came out ahead by 6.1 percentage points (+9.4% against +3.3%). One caveat on sizing: IVVD is 8.7 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.
HII vs IVVD: side by side
| HII (Huntington Ingalls Industries) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | +9.4% | +3.3% |
| 5-year return | +59.2% | -97.2% |
| Volatility (ann.) | 35.3% | 305.9% |
| Beta vs S&P 500 | 0.84 | 1.87 |
| Max drawdown (3Y) | -45.2% | -92.9% |
| Market cap | $11.7B | $0.3B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.85% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HII | IVVD |
|---|---|---|
| 2022 | +26.3% | -79.3% |
| 2023 | +15.2% | +162.7% |
| 2024 | -25.7% | -88.8% |
| 2025 | +84.2% | +457.6% |
| 2026 | -11.9% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HII and IVVD good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HII and IVVD?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.07 over the last year and -0.17 over 5 years.
Is IVVD a good diversifier for HII?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/hii-vs-ivvd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hii-vs-ivvd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HII correlations · IVVD correlations
