RVP vs THW: Correlation
Retractable Technologies, Inc. (RVP) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVP and THW?
On 3 years of weekly data the RVP/THW correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 263.7 %².
Among the 10 assets we track against RVP, THW ranks #5 by 3-year correlation. The last year tells two different stories: THW led by 46.7 percentage points, -13.0% for RVP against +33.7% for THW. One caveat on sizing: RVP is 1.7 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.
RVP vs THW: side by side
| RVP (Retractable Technologies, Inc.) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -13.0% | +33.7% |
| 5-year return | -94.2% | +40.2% |
| Volatility (ann.) | 36.9% | 21.4% |
| Beta vs S&P 500 | 0.49 | 0.75 |
| Max drawdown (3Y) | -57.5% | -25.4% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVP | THW |
|---|---|---|
| 2022 | -76.3% | -1.2% |
| 2023 | -32.3% | -11.5% |
| 2024 | -37.8% | +5.4% |
| 2025 | +11.6% | +31.1% |
| 2026 | -6.3% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVP and THW good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RVP and THW?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.23 over the last year and 0.29 over 5 years.
Is THW a good diversifier for RVP?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rvp-vs-thw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rvp-vs-thw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RVP correlations · THW correlations
