LVWR vs REGN: Correlation
Measured on weekly returns over the past three years, LiveWire Group, Inc. (LVWR) and Regeneron Pharmaceuticals (REGN) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVWR and REGN?
Over the past 3 years, LVWR and REGN moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.23 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1659.9 %².
Among the 17 assets we track against LVWR, REGN sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with REGN ahead by 103.5 points (-65.2% versus +38.3%). Risk is not evenly split, since LVWR carries 7.2 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.
LVWR vs REGN: side by side
| LVWR (LiveWire Group, Inc.) | REGN (Regeneron Pharmaceuticals) | |
|---|---|---|
| 1-year return | -65.2% | +38.3% |
| 5-year return | -86.0% | +20.4% |
| Volatility (ann.) | 230.4% | 31.8% |
| Beta vs S&P 500 | 2.09 | 0.61 |
| Max drawdown (3Y) | -94.6% | -59.7% |
| Market cap | $0.3B | $83.2B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | LVWR | REGN |
|---|---|---|
| 2022 | -51.5% | +14.2% |
| 2023 | +133.2% | +21.7% |
| 2024 | -57.5% | -18.9% |
| 2025 | -8.1% | +9.0% |
| 2026 | -69.2% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVWR and REGN good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between LVWR and REGN?
As of 2026-08-27, the correlation of weekly returns between LVWR and REGN is -0.23 over 3 years, 0.05 over 1 year and -0.16 over 5 years.
Is REGN a good diversifier for LVWR?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/lvwr-vs-regn.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: LVWR correlations · REGN correlations
