IVVD vs PRU: Correlation
How closely do Invivyd, Inc. (IVVD) and Prudential Financial (PRU) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVVD and PRU?
Over the past 3 years, IVVD and PRU moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -1145.4 %².
Among the 24 assets we track against IVVD, PRU ranks #14 by 3-year correlation. On 12-month performance PRU holds a 12.5-point edge, +3.3% against +15.8%. Note the risk asymmetry: IVVD runs 13.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PRU: side by side
| IVVD (Invivyd, Inc.) | PRU (Prudential Financial) | |
|---|---|---|
| 1-year return | +3.3% | +15.8% |
| 5-year return | -97.2% | +45.1% |
| Volatility (ann.) | 305.9% | 23.0% |
| Beta vs S&P 500 | 1.87 | 0.79 |
| Max drawdown (3Y) | -92.9% | -25.7% |
| Market cap | $0.3B | $41.5B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 0.00% | 4.57% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | IVVD | PRU |
|---|---|---|
| 2022 | -79.3% | -3.9% |
| 2023 | +162.7% | +10.1% |
| 2024 | -88.8% | +19.5% |
| 2025 | +457.6% | +0.2% |
| 2026 | -63.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVVD and PRU good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between IVVD and PRU?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.23 over the last year and -0.09 over 5 years.
Is PRU a good diversifier for IVVD?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IVVD correlations · PRU correlations
