IBIO vs NUVB: Correlation
iBio, Inc. (IBIO) and Nuvation Bio Inc. (NUVB) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBIO and NUVB?
On 3 years of weekly data the IBIO/NUVB correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.41 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 6978.8 %².
By 3-year correlation, NUVB places #5 of the 13 assets tracked against IBIO. The last year tells two different stories: NUVB led by 64.1 percentage points, +72.8% for IBIO against +136.9% for NUVB. Note the risk asymmetry: IBIO runs 2.2 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.
IBIO vs NUVB: side by side
| IBIO (iBio, Inc.) | NUVB (Nuvation Bio Inc.) | |
|---|---|---|
| 1-year return | +72.8% | +136.9% |
| 5-year return | -99.8% | -25.8% |
| Volatility (ann.) | 196.4% | 87.3% |
| Beta vs S&P 500 | 1.36 | 1.90 |
| Max drawdown (3Y) | -92.9% | -58.2% |
| Market cap | $0.1B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBIO | NUVB |
|---|---|---|
| 2022 | -96.8% | -77.4% |
| 2023 | -84.4% | -21.4% |
| 2024 | +78.8% | +76.2% |
| 2025 | -21.2% | +236.8% |
| 2026 | -27.5% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBIO and NUVB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBIO and NUVB?
The IBIO/NUVB correlation stands at 0.41 on a 3-year window (1 year: 0.29, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is NUVB a good diversifier for IBIO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/ibio-vs-nuvb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibio-vs-nuvb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IBIO correlations · NUVB correlations
