LVWR vs RCKT: Correlation
Measured on weekly returns over the past three years, LiveWire Group, Inc. (LVWR) and Rocket Pharmaceuticals, Inc. (RCKT) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVWR and RCKT?
On 3 years of weekly data the LVWR/RCKT correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.25 versus -0.37 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -6645.7 %².
Out of 17 assets tracked against LVWR, RCKT lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months RCKT outperformed by 74.2 percentage points (-65.2% for LVWR against +9.0% for RCKT). Note the risk asymmetry: LVWR runs 2.9 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.
LVWR vs RCKT: side by side
| LVWR (LiveWire Group, Inc.) | RCKT (Rocket Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -65.2% | +9.0% |
| 5-year return | -86.0% | -89.2% |
| Volatility (ann.) | 230.4% | 78.7% |
| Beta vs S&P 500 | 2.09 | 1.78 |
| Max drawdown (3Y) | -94.6% | -92.7% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LVWR | RCKT |
|---|---|---|
| 2022 | -51.5% | -10.4% |
| 2023 | +133.2% | +53.1% |
| 2024 | -57.5% | -58.1% |
| 2025 | -8.1% | -72.1% |
| 2026 | -69.2% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVWR and RCKT good diversifiers for each other?
Yes. With a correlation of -0.37, LVWR and RCKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LVWR and RCKT?
As of 2026-08-27, the correlation of weekly returns between LVWR and RCKT is -0.37 over 3 years, -0.25 over 1 year and -0.27 over 5 years.
Is RCKT a good diversifier for LVWR?
Yes. With a correlation of -0.37, LVWR and RCKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
A reading of -0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/lvwr-vs-rckt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lvwr-vs-rckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LVWR correlations · RCKT correlations
