IVF vs XPRO: Correlation
Measured on weekly returns over the past three years, INVO Fertility, Inc. (IVF) and Expro Ltd (XPRO) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVF and XPRO?
Over the past 3 years, IVF and XPRO moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.26 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1870.6 %².
XPRO is close to the least connected end of IVF's tracked universe, ranking #13 of 14. Correlation aside, the last 12 months split them widely, with XPRO ahead by 143.1 points (-97.5% versus +45.6%). One caveat on sizing: IVF is 3.1 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.
IVF vs XPRO: side by side
| IVF (INVO Fertility, Inc.) | XPRO (Expro Ltd) | |
|---|---|---|
| 1-year return | -97.5% | +45.6% |
| 5-year return | -100.0% | +6.0% |
| Volatility (ann.) | 150.4% | 48.4% |
| Beta vs S&P 500 | -0.55 | 0.83 |
| Max drawdown (3Y) | -100.0% | -72.2% |
| Market cap | – | $2.0B |
| P/E (trailing) | 0.0 | 100.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVF | XPRO |
|---|---|---|
| 2022 | -87.3% | +26.3% |
| 2023 | -84.1% | -12.2% |
| 2024 | -40.0% | -21.7% |
| 2025 | -99.7% | +7.1% |
| 2026 | -72.6% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVF and XPRO good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IVF and XPRO?
As of 2026-08-27, the correlation of weekly returns between IVF and XPRO is -0.26 over 3 years, -0.12 over 1 year and -0.13 over 5 years.
Is XPRO a good diversifier for IVF?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
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/ivf-vs-xpro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivf-vs-xpro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVF correlations · XPRO correlations
