RVMD vs XBI: Correlation
Revolution Medicines, Inc. (RVMD) and SPDR S&P Biotech ETF (XBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVMD and XBI?
Over the past 3 years, RVMD and XBI moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 959.0 %².
In RVMD's tracked universe of 11 assets, XBI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with RVMD ahead by 394.2 points (+481.4% versus +87.2%). Note the risk asymmetry: RVMD runs 2.3 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.
RVMD vs XBI: side by side
| RVMD (Revolution Medicines, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +481.4% | +87.2% |
| 5-year return | +680.1% | +28.6% |
| Volatility (ann.) | 64.9% | 27.7% |
| Beta vs S&P 500 | 1.64 | 1.09 |
| Max drawdown (3Y) | -48.6% | -33.0% |
| Market cap | $47.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | RVMD | XBI |
|---|---|---|
| 2022 | -5.4% | -25.9% |
| 2023 | +20.4% | +7.6% |
| 2024 | +52.5% | +1.0% |
| 2025 | +82.1% | +35.9% |
| 2026 | +177.7% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVMD and XBI good diversifiers for each other?
Only partially. A correlation of 0.53 means RVMD and XBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RVMD and XBI?
The RVMD/XBI correlation stands at 0.53 on a 3-year window (1 year: 0.48, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is XBI a good diversifier for RVMD?
Only partially. A correlation of 0.53 means RVMD and XBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/rvmd-vs-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rvmd-vs-xbi/)
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Related comparisons
Hubs: RVMD correlations · XBI correlations
