IVA vs LTBR: Correlation
Measured on weekly returns over the past three years, Inventiva S.A. - American Depository Shares (IVA) and Lightbridge Corporation (LTBR) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVA and LTBR?
Over the past 3 years, IVA and LTBR moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.33). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 2565.4 %².
Few assets follow IVA as closely as LTBR, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months IVA outperformed by 41.3 percentage points (-6.3% for IVA against -47.6% for LTBR). One caveat on sizing: LTBR is 1.6 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.
IVA vs LTBR: side by side
| IVA (Inventiva S.A. - American Depository Shares) | LTBR (Lightbridge Corporation) | |
|---|---|---|
| 1-year return | -6.3% | -47.6% |
| 5-year return | -60.4% | +32.0% |
| Volatility (ann.) | 69.9% | 111.3% |
| Beta vs S&P 500 | 0.38 | 2.17 |
| Max drawdown (3Y) | -64.9% | -74.0% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVA | LTBR |
|---|---|---|
| 2022 | -67.3% | -41.3% |
| 2023 | +1.3% | -17.5% |
| 2024 | -52.6% | +47.4% |
| 2025 | +117.3% | +167.2% |
| 2026 | +5.4% | -35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVA and LTBR good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IVA and LTBR?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.19 over the last year and 0.25 over 5 years.
Is LTBR a good diversifier for IVA?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/iva-vs-ltbr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iva-vs-ltbr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IVA correlations · LTBR correlations
