INVA vs RZLV: Correlation
How closely do Innoviva, Inc. (INVA) and Rezolve AI PLC (RZLV) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVA and RZLV?
On 3 years of weekly data the INVA/RZLV correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.23). The 5-year figure is -0.16, and annualized covariance runs at -642.6 %².
Among the 13 assets we track against INVA, RZLV sits near the bottom by co-movement, at rank #12. On 12-month performance INVA holds a 11.1-point edge, +5.6% against -5.5%. Note the risk asymmetry: RZLV runs 4.3 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.
INVA vs RZLV: side by side
| INVA (Innoviva, Inc.) | RZLV (Rezolve AI PLC) | |
|---|---|---|
| 1-year return | +5.6% | -5.5% |
| 5-year return | +36.6% | -69.8% |
| Volatility (ann.) | 25.4% | 109.1% |
| Beta vs S&P 500 | 0.21 | 1.36 |
| Max drawdown (3Y) | -23.5% | -91.8% |
| Market cap | $1.5B | $1.2B |
| P/E (trailing) | 4.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INVA | RZLV |
|---|---|---|
| 2022 | -23.2% | +3.4% |
| 2023 | +21.1% | +6.4% |
| 2024 | +8.2% | -64.5% |
| 2025 | +15.2% | -32.7% |
| 2026 | +4.9% | +14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVA and RZLV good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between INVA and RZLV?
As of 2026-08-27, the correlation of weekly returns between INVA and RZLV is -0.23 over 3 years, -0.41 over 1 year and -0.16 over 5 years.
Is RZLV a good diversifier for INVA?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/inva-vs-rzlv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inva-vs-rzlv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INVA correlations · RZLV correlations
