HUMA vs IVV: Correlation
Humacyte, Inc. (HUMA) and iShares Core S&P 500 ETF (IVV) 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 HUMA and IVV?
Across a 3-year window, the weekly returns of HUMA and IVV correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 569.7 %².
By 3-year correlation, IVV places #5 of the 11 assets tracked against HUMA. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 75.4 percentage points (-54.7% for HUMA against +20.7% for IVV). Note the risk asymmetry: HUMA runs 7.1 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.
HUMA vs IVV: side by side
| HUMA (Humacyte, Inc.) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -54.7% | +20.7% |
| 5-year return | -94.8% | +83.0% |
| Volatility (ann.) | 103.1% | 14.5% |
| Beta vs S&P 500 | 2.71 | 1.00 |
| Max drawdown (3Y) | -94.2% | -18.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | US Listed | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | HUMA | IVV |
|---|---|---|
| 2022 | -70.9% | -18.2% |
| 2023 | +34.6% | +26.3% |
| 2024 | +77.8% | +24.9% |
| 2025 | -81.0% | +17.8% |
| 2026 | -27.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUMA and IVV good diversifiers for each other?
Reasonably. At 0.38, HUMA and IVV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUMA and IVV?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.48 over the last year and 0.37 over 5 years.
Is IVV a good diversifier for HUMA?
Reasonably. At 0.38, HUMA and IVV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/huma-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/huma-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUMA correlations · IVV correlations
