IVA vs LAC: Correlation
How closely do Inventiva S.A. - American Depository Shares (IVA) and Lithium Americas Corp. (LAC) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVA and LAC?
Over the past 3 years, IVA and LAC moved with a correlation of 0.31, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.31 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2017.5 %².
Among the 10 assets we track against IVA, LAC ranks #5 by 3-year correlation. The trailing year gives LAC the advantage: -6.3% versus +6.4%, a 12.7-point spread.
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.
IVA vs LAC: side by side
| IVA (Inventiva S.A. - American Depository Shares) | LAC (Lithium Americas Corp.) | |
|---|---|---|
| 1-year return | -6.3% | +6.4% |
| 5-year return | -60.4% | n/a |
| Volatility (ann.) | 69.9% | 93.5% |
| Beta vs S&P 500 | 0.38 | 1.37 |
| Max drawdown (3Y) | -64.9% | -81.8% |
| Market cap | $1.2B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVA | LAC |
|---|---|---|
| 2022 | -67.3% | – |
| 2023 | +1.3% | – |
| 2024 | -52.6% | -53.6% |
| 2025 | +117.3% | +46.8% |
| 2026 | +5.4% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVA and LAC good diversifiers for each other?
Reasonably. At 0.31, IVA and LAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IVA and LAC?
As of 2026-08-27, the correlation of weekly returns between IVA and LAC is 0.31 over 3 years, 0.33 over 1 year and n/a over 5 years.
Is LAC a good diversifier for IVA?
Reasonably. At 0.31, IVA and LAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/iva-vs-lac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iva-vs-lac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVA correlations · LAC correlations
