NVAX vs SEED: Correlation
How closely do Novavax, Inc. (NVAX) and Origin Agritech Limited (SEED) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVAX and SEED?
On 3 years of weekly data the NVAX/SEED correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.34). The 5-year figure is 0.26, and annualized covariance runs at 2495.9 %².
By 3-year correlation, SEED places #9 of the 16 assets tracked against NVAX. Their recent paths diverged sharply: over the last 12 months NVAX outperformed by 39.1 percentage points (+19.4% for NVAX against -19.7% for SEED).
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.
NVAX vs SEED: side by side
| NVAX (Novavax, Inc.) | SEED (Origin Agritech Limited) | |
|---|---|---|
| 1-year return | +19.4% | -19.7% |
| 5-year return | -96.1% | -88.2% |
| Volatility (ann.) | 86.3% | 86.1% |
| Beta vs S&P 500 | 1.77 | 0.93 |
| Max drawdown (3Y) | -74.1% | -86.5% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVAX | SEED |
|---|---|---|
| 2022 | -92.8% | -3.1% |
| 2023 | -53.3% | -67.6% |
| 2024 | +67.5% | -6.7% |
| 2025 | -16.4% | -47.1% |
| 2026 | +34.7% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVAX and SEED good diversifiers for each other?
Reasonably. At 0.34, NVAX and SEED keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NVAX and SEED?
The NVAX/SEED correlation stands at 0.34 on a 3-year window (1 year: 0.15, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is SEED a good diversifier for NVAX?
Reasonably. At 0.34, NVAX and SEED keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: NVAX correlations · SEED correlations
