RPRX vs VIVO: Correlation
How closely do Royalty Pharma plc - Class A (RPRX) and VivoPower PLC - Class A (VIVO) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPRX and VIVO?
On 3 years of weekly data the RPRX/VIVO correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.18). The 5-year figure is -0.09, and annualized covariance runs at -1002.5 %².
Out of 10 assets tracked against RPRX, VIVO lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with RPRX ahead by 98.8 points (+75.0% versus -23.8%). Risk is not evenly split, since VIVO carries 12.1 times the volatility of the other side.
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.
RPRX vs VIVO: side by side
| RPRX (Royalty Pharma plc - Class A) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | +75.0% | -23.8% |
| 5-year return | +78.4% | -92.6% |
| Volatility (ann.) | 21.2% | 256.4% |
| Beta vs S&P 500 | 0.24 | 0.31 |
| Max drawdown (3Y) | -20.7% | -89.9% |
| Market cap | $35.8B | $0.1B |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RPRX | VIVO |
|---|---|---|
| 2022 | +1.0% | -91.9% |
| 2023 | -27.1% | -21.5% |
| 2024 | -6.4% | -31.1% |
| 2025 | +55.3% | +70.3% |
| 2026 | +62.5% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPRX and VIVO good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between RPRX and VIVO?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.01 over the last year and -0.09 over 5 years.
Is VIVO a good diversifier for RPRX?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rprx-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rprx-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RPRX correlations · VIVO correlations
