IVVD vs SWKS: Correlation
How closely do Invivyd, Inc. (IVVD) and Skyworks Solutions (SWKS) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVVD and SWKS?
Over the past 3 years, IVVD and SWKS moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.18) runs above the 3-year figure (-0.33). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -3994.7 %².
SWKS is close to the least connected end of IVVD's tracked universe, ranking #24 of 24. On 12-month performance IVVD holds a 12.0-point edge, +3.3% against -8.7%. Note the risk asymmetry: IVVD runs 7.6 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 SWKS: side by side
| IVVD (Invivyd, Inc.) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +3.3% | -8.7% |
| 5-year return | -97.2% | -58.3% |
| Volatility (ann.) | 305.9% | 40.0% |
| Beta vs S&P 500 | 1.87 | 1.43 |
| Max drawdown (3Y) | -92.9% | -58.2% |
| Market cap | $0.3B | $10.1B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | IVVD | SWKS |
|---|---|---|
| 2022 | -79.3% | -39.9% |
| 2023 | +162.7% | +26.5% |
| 2024 | -88.8% | -18.9% |
| 2025 | +457.6% | -25.5% |
| 2026 | -63.6% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVVD and SWKS good diversifiers for each other?
Yes. With a correlation of -0.33, IVVD and SWKS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IVVD and SWKS?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.18 over the last year and -0.24 over 5 years.
Is SWKS a good diversifier for IVVD?
Yes. With a correlation of -0.33, IVVD and SWKS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 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.
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Related comparisons
Hubs: IVVD correlations · SWKS correlations
