TVTX vs XBI: Correlation
Travere Therapeutics, Inc. (TVTX) 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 TVTX and XBI?
Over the past 3 years, TVTX and XBI moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1057.6 %².
In TVTX's tracked universe of 12 assets, XBI sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months TVTX outperformed by 200.0 percentage points (+287.2% for TVTX against +87.2% for XBI). One caveat on sizing: TVTX is 2.6 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.
TVTX vs XBI: side by side
| TVTX (Travere Therapeutics, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +287.2% | +87.2% |
| 5-year return | +213.8% | +28.6% |
| Volatility (ann.) | 72.5% | 27.7% |
| Beta vs S&P 500 | 1.67 | 1.09 |
| Max drawdown (3Y) | -64.6% | -33.0% |
| Market cap | $6.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | TVTX | XBI |
|---|---|---|
| 2022 | -32.2% | -25.9% |
| 2023 | -57.3% | +7.6% |
| 2024 | +93.8% | +1.0% |
| 2025 | +119.3% | +35.9% |
| 2026 | +76.7% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TVTX and XBI good diversifiers for each other?
Only partially. A correlation of 0.53 means TVTX 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 TVTX and XBI?
The TVTX/XBI correlation stands at 0.53 on a 3-year window (1 year: 0.50, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is XBI a good diversifier for TVTX?
Only partially. A correlation of 0.53 means TVTX 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/tvtx-vs-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tvtx-vs-xbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TVTX correlations · XBI correlations
