IFRX vs LVWR: Correlation
How closely do InflaRx N.V. (IFRX) and LiveWire Group, Inc. (LVWR) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFRX and LVWR?
Over the past 3 years, IFRX and LVWR moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.30). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -7052.1 %².
LVWR is close to the least connected end of IFRX's tracked universe, ranking #11 of 11. The last year tells two different stories: IFRX led by 192.2 percentage points, +127.0% for IFRX against -65.2% for LVWR. One caveat on sizing: LVWR is 2.2 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.
IFRX vs LVWR: side by side
| IFRX (InflaRx N.V.) | LVWR (LiveWire Group, Inc.) | |
|---|---|---|
| 1-year return | +127.0% | -65.2% |
| 5-year return | -9.2% | -86.0% |
| Volatility (ann.) | 102.6% | 230.4% |
| Beta vs S&P 500 | 1.54 | 2.09 |
| Max drawdown (3Y) | -82.4% | -94.6% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IFRX | LVWR |
|---|---|---|
| 2022 | -34.9% | -51.5% |
| 2023 | -47.4% | +133.2% |
| 2024 | +51.5% | -57.5% |
| 2025 | -59.1% | -8.1% |
| 2026 | +124.8% | -69.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFRX and LVWR good diversifiers for each other?
Yes. With a correlation of -0.30, IFRX and LVWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IFRX and LVWR?
The IFRX/LVWR correlation stands at -0.30 on a 3-year window (1 year: 0.02, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is LVWR a good diversifier for IFRX?
Yes. With a correlation of -0.30, IFRX and LVWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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/ifrx-vs-lvwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ifrx-vs-lvwr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IFRX correlations · LVWR correlations
