IBB vs NVCT: Correlation
How closely do iShares Biotechnology ETF (IBB) and Nuvectis Pharma, Inc. (NVCT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBB and NVCT?
Over the past 3 years, IBB and NVCT moved with a correlation of 0.42, which is moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 911.8 %².
Within IBB's tracked universe of 168 assets, NVCT comes in at #138 by 3-year correlation. The last year tells two different stories: NVCT led by 223.4 percentage points, +55.4% for IBB against +278.8% for NVCT. One caveat on sizing: NVCT is 5.1 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.
IBB vs NVCT: side by side
| IBB (iShares Biotechnology ETF) | NVCT (Nuvectis Pharma, Inc.) | |
|---|---|---|
| 1-year return | +55.4% | +278.8% |
| 5-year return | +26.6% | +675.1% |
| Volatility (ann.) | 20.7% | 105.8% |
| Beta vs S&P 500 | 0.81 | 0.97 |
| Max drawdown (3Y) | -24.9% | -69.5% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.22% | 0.00% |
| Expense ratio | 0.44% | – |
| Assets under management | $9.2B | – |
| Sector / category | ETF · Thematic | US Listed |
IBB is a Health fund from iShares: $9.2B under management, 235 holdings, a 0.44% expense ratio, a 0.22% trailing dividend yield.
Year-by-year returns
| Year | IBB | NVCT |
|---|---|---|
| 2022 | -13.7% | – |
| 2023 | +3.8% | +11.2% |
| 2024 | -2.4% | -35.1% |
| 2025 | +28.0% | +39.6% |
| 2026 | +27.4% | +233.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBB and NVCT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBB and NVCT?
As of 2026-08-27, the correlation of weekly returns between IBB and NVCT is 0.42 over 3 years, 0.34 over 1 year and 0.21 over 5 years.
Is NVCT a good diversifier for IBB?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: IBB correlations · NVCT correlations
