ORKA vs VIVO: Correlation
How closely do Oruka Therapeutics, Inc. (ORKA) and VivoPower PLC - Class A (VIVO) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORKA and VIVO?
On 3 years of weekly data the ORKA/VIVO correlation comes out at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.44). The 5-year figure is 0.41, and annualized covariance runs at 9077.2 %².
In ORKA's tracked universe of 11 assets, VIVO sits right near the top at #3. Correlation aside, the last 12 months split them widely, with ORKA ahead by 559.8 points (+536.0% versus -23.8%). One caveat on sizing: VIVO is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ORKA vs VIVO: side by side
| ORKA (Oruka Therapeutics, Inc.) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | +536.0% | -23.8% |
| 5-year return | +390.4% | -92.6% |
| Volatility (ann.) | 80.7% | 256.4% |
| Beta vs S&P 500 | 0.66 | 0.31 |
| Max drawdown (3Y) | -77.8% | -89.9% |
| Market cap | $6.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORKA | VIVO |
|---|---|---|
| 2022 | +10.2% | -91.9% |
| 2023 | -28.3% | -21.5% |
| 2024 | +76.7% | -31.1% |
| 2025 | +56.3% | +70.3% |
| 2026 | +218.5% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORKA and VIVO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ORKA and VIVO?
As of 2026-08-27, the correlation of weekly returns between ORKA and VIVO is 0.44 over 3 years, 0.01 over 1 year and 0.41 over 5 years.
Is VIVO a good diversifier for ORKA?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/orka-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/orka-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ORKA correlations · VIVO correlations
