NERV vs THW: Correlation
How closely do Minerva Neurosciences, Inc (NERV) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NERV and THW?
Across a 3-year window, the weekly returns of NERV and THW correlate at 0.37, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.37). Stretching to 5 years gives 0.07, with an annualized covariance of 786.6 %².
Within NERV's tracked universe of 12 assets, THW comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NERV ahead by 82.8 points (+116.5% versus +33.7%). Risk is not evenly split, since NERV carries 4.6 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.
NERV vs THW: side by side
| NERV (Minerva Neurosciences, Inc) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +116.5% | +33.7% |
| 5-year return | -63.8% | +40.2% |
| Volatility (ann.) | 99.2% | 21.4% |
| Beta vs S&P 500 | 1.61 | 0.75 |
| Max drawdown (3Y) | -89.3% | -25.4% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NERV | THW |
|---|---|---|
| 2022 | -75.2% | -1.2% |
| 2023 | +286.8% | -11.5% |
| 2024 | -63.9% | +5.4% |
| 2025 | +80.9% | +31.1% |
| 2026 | +27.6% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NERV and THW good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NERV and THW?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.24 over the last year and 0.07 over 5 years.
Is THW a good diversifier for NERV?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/nerv-vs-thw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nerv-vs-thw/)
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Related comparisons
Hubs: NERV correlations · THW correlations
