INVA vs SWAG: Correlation
How closely do Innoviva, Inc. (INVA) and Stran & Company, Inc. (SWAG) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVA and SWAG?
Over the past 3 years, INVA and SWAG moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 496.2 %².
By 3-year correlation, SWAG places #6 of the 13 assets tracked against INVA. Neither side won the trailing year by much: +5.6% against +5.6%. Risk is not evenly split, since SWAG carries 2.3 times the volatility of the other side.
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 SWAG: side by side
| INVA (Innoviva, Inc.) | SWAG (Stran & Company, Inc.) | |
|---|---|---|
| 1-year return | +5.6% | +5.6% |
| 5-year return | +36.6% | -56.8% |
| Volatility (ann.) | 25.4% | 59.3% |
| Beta vs S&P 500 | 0.21 | 1.00 |
| Max drawdown (3Y) | -23.5% | -56.0% |
| Market cap | $1.5B | – |
| P/E (trailing) | 4.9 | 171.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INVA | SWAG |
|---|---|---|
| 2022 | -23.2% | -77.9% |
| 2023 | +21.1% | +10.4% |
| 2024 | +8.2% | -39.2% |
| 2025 | +15.2% | +84.4% |
| 2026 | +4.9% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVA and SWAG good diversifiers for each other?
Reasonably. At 0.33, INVA and SWAG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INVA and SWAG?
The INVA/SWAG correlation stands at 0.33 on a 3-year window (1 year: 0.27, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is SWAG a good diversifier for INVA?
Reasonably. At 0.33, INVA and SWAG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inva-vs-swag.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inva-vs-swag/)
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Related comparisons
Hubs: INVA correlations · SWAG correlations
