RCKT vs SVRA: Correlation
Measured on weekly returns over the past three years, Rocket Pharmaceuticals, Inc. (RCKT) and Savara, Inc. (SVRA) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCKT and SVRA?
Across a 3-year window, the weekly returns of RCKT and SVRA correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 1997.1 %².
Among the 15 assets we track against RCKT, SVRA ranks #6 by 3-year correlation. The last year tells two different stories: SVRA led by 57.9 percentage points, +9.0% for RCKT against +66.9% for SVRA.
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.
RCKT vs SVRA: side by side
| RCKT (Rocket Pharmaceuticals, Inc.) | SVRA (Savara, Inc.) | |
|---|---|---|
| 1-year return | +9.0% | +66.9% |
| 5-year return | -89.2% | +286.6% |
| Volatility (ann.) | 78.7% | 53.3% |
| Beta vs S&P 500 | 1.78 | 1.15 |
| Max drawdown (3Y) | -92.7% | -65.3% |
| Market cap | $0.4B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCKT | SVRA |
|---|---|---|
| 2022 | -10.4% | +25.0% |
| 2023 | +53.1% | +203.2% |
| 2024 | -58.1% | -34.7% |
| 2025 | -72.1% | +96.4% |
| 2026 | +3.1% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCKT and SVRA good diversifiers for each other?
Reasonably. At 0.48, RCKT and SVRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RCKT and SVRA?
The RCKT/SVRA correlation stands at 0.48 on a 3-year window (1 year: 0.48, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is SVRA a good diversifier for RCKT?
Reasonably. At 0.48, RCKT and SVRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: RCKT correlations · SVRA correlations
