MRNA vs RVTY: Correlation
Measured on weekly returns over the past three years, Moderna (MRNA) and Revvity (RVTY) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRNA and RVTY?
Across a 3-year window, the weekly returns of MRNA and RVTY correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 1372.0 %².
By 3-year correlation, RVTY places #14 of the 38 assets tracked against MRNA. Their recent paths diverged sharply: over the last 12 months MRNA outperformed by 422.0 percentage points (+468.8% for MRNA against +46.8% for RVTY). Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.68. Note the risk asymmetry: MRNA 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.
MRNA vs RVTY: side by side
| MRNA (Moderna) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +468.8% | +46.8% |
| 5-year return | -61.5% | -30.2% |
| Volatility (ann.) | 100.7% | 34.2% |
| Beta vs S&P 500 | 0.98 | 0.81 |
| Max drawdown (3Y) | -86.6% | -35.3% |
| Market cap | $57.0B | $14.5B |
| P/E (trailing) | – | 62.4 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | MRNA | RVTY |
|---|---|---|
| 2022 | -29.3% | -30.1% |
| 2023 | -44.6% | -21.9% |
| 2024 | -58.2% | +2.4% |
| 2025 | -29.1% | -13.1% |
| 2026 | +384.1% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRNA and RVTY good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRNA and RVTY?
As of 2026-08-27, the correlation of weekly returns between MRNA and RVTY is 0.40 over 3 years, 0.35 over 1 year and 0.40 over 5 years.
Is RVTY a good diversifier for MRNA?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrna-vs-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrna-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRNA correlations · RVTY correlations
