IVVD vs PBK: Correlation
Measured on weekly returns over the past three years, Invivyd, Inc. (IVVD) and PowerBank Corporation (PBK) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVVD and PBK?
Across a 3-year window, the weekly returns of IVVD and PBK correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.44 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 13976.3 %².
Within IVVD's tracked universe of 24 assets, PBK comes in at #6 by 3-year correlation. The last year tells two different stories: IVVD led by 82.0 percentage points, +3.3% for IVVD against -78.7% for PBK. Risk is not evenly split, since IVVD carries 3.2 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.
IVVD vs PBK: side by side
| IVVD (Invivyd, Inc.) | PBK (PowerBank Corporation) | |
|---|---|---|
| 1-year return | +3.3% | -78.7% |
| 5-year return | -97.2% | n/a |
| Volatility (ann.) | 305.9% | 96.0% |
| Beta vs S&P 500 | 1.87 | 0.19 |
| Max drawdown (3Y) | -92.9% | -93.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVVD | PBK |
|---|---|---|
| 2022 | -79.3% | – |
| 2023 | +162.7% | – |
| 2024 | -88.8% | – |
| 2025 | +457.6% | -11.7% |
| 2026 | -63.6% | -75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVVD and PBK good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IVVD and PBK?
The IVVD/PBK correlation stands at 0.44 on a 3-year window (1 year: 0.23, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PBK a good diversifier for IVVD?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/ivvd-vs-pbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ivvd-vs-pbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVVD correlations · PBK correlations
