IVVD vs RPID: Correlation
Invivyd, Inc. (IVVD) and Rapid Micro Biosystems, Inc. (RPID) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVVD and RPID?
Across a 3-year window, the weekly returns of IVVD and RPID correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.36). Stretching to 5 years gives 0.28, with an annualized covariance of 9525.0 %².
By 3-year correlation, RPID places #10 of the 24 assets tracked against IVVD. Correlation aside, the last 12 months split them widely, with IVVD ahead by 40.4 points (+3.3% versus -37.1%). Risk is not evenly split, since IVVD carries 3.6 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 RPID: side by side
| IVVD (Invivyd, Inc.) | RPID (Rapid Micro Biosystems, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -37.1% |
| 5-year return | -97.2% | -92.2% |
| Volatility (ann.) | 305.9% | 85.8% |
| Beta vs S&P 500 | 1.87 | 0.88 |
| Max drawdown (3Y) | -92.9% | -66.9% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVVD | RPID |
|---|---|---|
| 2022 | -79.3% | -89.4% |
| 2023 | +162.7% | -34.5% |
| 2024 | -88.8% | +21.6% |
| 2025 | +457.6% | +222.2% |
| 2026 | -63.6% | -44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVVD and RPID good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IVVD and RPID?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.09 over the last year and 0.28 over 5 years.
Is RPID a good diversifier for IVVD?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: IVVD correlations · RPID correlations
