INO vs INV: Correlation
Measured on weekly returns over the past three years, Inovio Pharmaceuticals, Inc. (INO) and Innventure, Inc. (INV) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INO and INV?
Across a 3-year window, the weekly returns of INO and INV correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.20 over 3 years. Stretching to 5 years gives -0.18, with an annualized covariance of -1851.0 %².
INV is close to the least connected end of INO's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with INO ahead by 20.6 points (-48.8% versus -69.4%).
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.
INO vs INV: side by side
| INO (Inovio Pharmaceuticals, Inc.) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | -48.8% | -69.4% |
| 5-year return | -98.8% | -85.4% |
| Volatility (ann.) | 99.4% | 90.9% |
| Beta vs S&P 500 | 1.55 | 1.31 |
| Max drawdown (3Y) | -95.2% | -90.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INO | INV |
|---|---|---|
| 2022 | -68.7% | +1.1% |
| 2023 | -67.3% | +7.3% |
| 2024 | -70.1% | +27.8% |
| 2025 | -4.9% | -69.8% |
| 2026 | -27.6% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INO and INV good diversifiers for each other?
Yes. With a correlation of -0.20, INO and INV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INO and INV?
The INO/INV correlation stands at -0.20 on a 3-year window (1 year: -0.38, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is INV a good diversifier for INO?
Yes. With a correlation of -0.20, INO and INV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/ino-vs-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ino-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INO correlations · INV correlations
