IVA vs VSME: Correlation
How closely do Inventiva S.A. - American Depository Shares (IVA) and VS Media Holdings Limited - Class A (VSME) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVA and VSME?
Across a 3-year window, the weekly returns of IVA and VSME correlate at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.32). Stretching to 5 years gives n/a, with an annualized covariance of 4700.4 %².
VSME is one of the assets that tracks IVA most closely: it ranks #2 out of the 10 assets we track against IVA. Their recent paths diverged sharply: over the last 12 months IVA outperformed by 90.6 percentage points (-6.3% for IVA against -96.9% for VSME). Risk is not evenly split, since VSME carries 3.0 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.
IVA vs VSME: side by side
| IVA (Inventiva S.A. - American Depository Shares) | VSME (VS Media Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -6.3% | -96.9% |
| 5-year return | -60.4% | n/a |
| Volatility (ann.) | 69.9% | 209.9% |
| Beta vs S&P 500 | 0.38 | 2.59 |
| Max drawdown (3Y) | -64.9% | -99.9% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVA | VSME |
|---|---|---|
| 2022 | -67.3% | – |
| 2023 | +1.3% | – |
| 2024 | -52.6% | -50.9% |
| 2025 | +117.3% | -92.2% |
| 2026 | +5.4% | -46.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVA and VSME good diversifiers for each other?
Reasonably. At 0.32, IVA and VSME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IVA and VSME?
As of 2026-08-27, the correlation of weekly returns between IVA and VSME is 0.32 over 3 years, 0.14 over 1 year and n/a over 5 years.
Is VSME a good diversifier for IVA?
Reasonably. At 0.32, IVA and VSME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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-vsme.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iva-vs-vsme/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IVA correlations · VSME correlations
