HYPR vs IVVD: Correlation
Measured on weekly returns over the past three years, Hyperfine, Inc. (HYPR) and Invivyd, Inc. (IVVD) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYPR and IVVD?
Over the past 3 years, HYPR and IVVD moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 9792.5 %².
In HYPR's tracked universe of 10 assets, IVVD sits right near the top at #3. Correlation aside, the last 12 months split them widely, with IVVD ahead by 35.1 points (-31.8% versus +3.3%). Risk is not evenly split, since IVVD carries 3.7 times the volatility of the other side.
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.
HYPR vs IVVD: side by side
| HYPR (Hyperfine, Inc.) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | -31.8% | +3.3% |
| 5-year return | -91.4% | -97.2% |
| Volatility (ann.) | 82.0% | 305.9% |
| Beta vs S&P 500 | 1.26 | 1.87 |
| Max drawdown (3Y) | -73.7% | -92.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYPR | IVVD |
|---|---|---|
| 2022 | -88.4% | -79.3% |
| 2023 | +33.3% | +162.7% |
| 2024 | -21.4% | -88.8% |
| 2025 | +11.2% | +457.6% |
| 2026 | -13.6% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYPR and IVVD good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HYPR and IVVD?
The HYPR/IVVD correlation stands at 0.39 on a 3-year window (1 year: 0.34, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is IVVD a good diversifier for HYPR?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/hypr-vs-ivvd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hypr-vs-ivvd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HYPR correlations · IVVD correlations
