INVE vs VIVO: Correlation
How closely do Identiv, Inc. (INVE) and VivoPower PLC - Class A (VIVO) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVE and VIVO?
Across a 3-year window, the weekly returns of INVE and VIVO correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -3616.3 %².
Out of 12 assets tracked against INVE, VIVO lands near the bottom at #8. Their 12-month results are close: -23.4% for INVE against -23.8% for VIVO. One caveat on sizing: VIVO is 4.7 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.
INVE vs VIVO: side by side
| INVE (Identiv, Inc.) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | -23.4% | -23.8% |
| 5-year return | -83.7% | -92.6% |
| Volatility (ann.) | 54.6% | 256.4% |
| Beta vs S&P 500 | 1.05 | 0.31 |
| Max drawdown (3Y) | -72.2% | -89.9% |
| 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 | INVE | VIVO |
|---|---|---|
| 2022 | -74.3% | -91.9% |
| 2023 | +13.8% | -21.5% |
| 2024 | -55.6% | -31.1% |
| 2025 | +4.9% | +70.3% |
| 2026 | -26.8% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVE and VIVO good diversifiers for each other?
Yes. With a correlation of -0.26, INVE and VIVO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INVE and VIVO?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.16 over the last year and -0.14 over 5 years.
Is VIVO a good diversifier for INVE?
Yes. With a correlation of -0.26, INVE and VIVO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inve-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inve-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INVE correlations · VIVO correlations
