INVH vs PARA: Correlation
Measured on weekly returns over the past three years, Invitation Homes (INVH) and Banzai International, Inc. (PARA) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVH and PARA?
Across a 3-year window, the weekly returns of INVH and PARA correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.28) than the 3-year average (-0.17). Stretching to 5 years gives -0.13, with an annualized covariance of -410.4 %².
Among the 28 assets we track against INVH, PARA ranks #21 by 3-year correlation. The last year tells two different stories: INVH led by 96.3 percentage points, -1.9% for INVH against -98.2% for PARA. Risk is not evenly split, since PARA carries 5.4 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.
INVH vs PARA: side by side
| INVH (Invitation Homes) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | -1.9% | -98.2% |
| 5-year return | -16.8% | -100.0% |
| Volatility (ann.) | 21.2% | 114.5% |
| Beta vs S&P 500 | 0.50 | -0.02 |
| Max drawdown (3Y) | -30.9% | -100.0% |
| Market cap | $17.4B | – |
| P/E (trailing) | 27.3 | 0.1 |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | INVH | PARA |
|---|---|---|
| 2022 | -33.0% | +3.7% |
| 2023 | +19.7% | -81.4% |
| 2024 | -3.1% | -98.4% |
| 2025 | -9.7% | -93.7% |
| 2026 | +7.6% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVH and PARA good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between INVH and PARA?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.28 over the last year and -0.13 over 5 years.
Is PARA a good diversifier for INVH?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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
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Related comparisons
Hubs: INVH correlations · PARA correlations
