NUVB vs SVRA: Correlation
How closely do Nuvation Bio Inc. (NUVB) and Savara, Inc. (SVRA) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUVB and SVRA?
Over the past 3 years, NUVB and SVRA moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 2227.8 %².
By 3-year correlation, SVRA places #4 of the 13 assets tracked against NUVB. Their recent paths diverged sharply: over the last 12 months NUVB outperformed by 70.0 percentage points (+136.9% for NUVB against +66.9% for SVRA). Note the risk asymmetry: NUVB runs 1.6 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.
NUVB vs SVRA: side by side
| NUVB (Nuvation Bio Inc.) | SVRA (Savara, Inc.) | |
|---|---|---|
| 1-year return | +136.9% | +66.9% |
| 5-year return | -25.8% | +286.6% |
| Volatility (ann.) | 87.3% | 53.3% |
| Beta vs S&P 500 | 1.90 | 1.15 |
| Max drawdown (3Y) | -58.2% | -65.3% |
| Market cap | $2.5B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NUVB | SVRA |
|---|---|---|
| 2022 | -77.4% | +25.0% |
| 2023 | -21.4% | +203.2% |
| 2024 | +76.2% | -34.7% |
| 2025 | +236.8% | +96.4% |
| 2026 | -22.0% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUVB and SVRA good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NUVB and SVRA?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.58 over the last year and 0.37 over 5 years.
Is SVRA a good diversifier for NUVB?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NUVB correlations · SVRA correlations
