NUVB vs RCUS: Correlation
How closely do Nuvation Bio Inc. (NUVB) and Arcus Biosciences, Inc. (RCUS) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUVB and RCUS?
On 3 years of weekly data the NUVB/RCUS correlation comes out at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.47 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 2434.5 %².
Among the 13 assets we track against NUVB, RCUS ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RCUS ahead by 52.8 points (+136.9% versus +189.7%).
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.
NUVB vs RCUS: side by side
| NUVB (Nuvation Bio Inc.) | RCUS (Arcus Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +136.9% | +189.7% |
| 5-year return | -25.8% | +3.1% |
| Volatility (ann.) | 87.3% | 59.0% |
| Beta vs S&P 500 | 1.90 | 1.71 |
| Max drawdown (3Y) | -58.2% | -69.5% |
| Market cap | $2.5B | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NUVB | RCUS |
|---|---|---|
| 2022 | -77.4% | -48.9% |
| 2023 | -21.4% | -7.6% |
| 2024 | +76.2% | -22.0% |
| 2025 | +236.8% | +60.0% |
| 2026 | -22.0% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUVB and RCUS good diversifiers for each other?
Reasonably. At 0.47, NUVB and RCUS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NUVB and RCUS?
The NUVB/RCUS correlation stands at 0.47 on a 3-year window (1 year: 0.30, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is RCUS a good diversifier for NUVB?
Reasonably. At 0.47, NUVB and RCUS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/nuvb-vs-rcus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nuvb-vs-rcus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NUVB correlations · RCUS correlations
