AEM vs CVRX: Correlation
Measured on weekly returns over the past three years, Agnico Eagle Mines Limited (AEM) and CVRx, Inc. (CVRX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEM and CVRX?
Across a 3-year window, the weekly returns of AEM and CVRX correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -862.2 %².
Among the 36 assets we track against AEM, CVRX sits near the bottom by co-movement, at rank #34. Correlation aside, the last 12 months split them widely, with AEM ahead by 115.7 points (+55.9% versus -59.8%). Risk is not evenly split, since CVRX carries 2.5 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.
AEM vs CVRX: side by side
| AEM (Agnico Eagle Mines Limited) | CVRX (CVRx, Inc.) | |
|---|---|---|
| 1-year return | +55.9% | -59.8% |
| 5-year return | +323.8% | -84.4% |
| Volatility (ann.) | 40.9% | 101.8% |
| Beta vs S&P 500 | 0.70 | 0.65 |
| Max drawdown (3Y) | -45.8% | -92.8% |
| Market cap | $109.1B | $0.1B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEM | CVRX |
|---|---|---|
| 2022 | +1.1% | +50.0% |
| 2023 | +9.0% | +71.3% |
| 2024 | +46.0% | -59.7% |
| 2025 | +119.5% | -44.0% |
| 2026 | +27.6% | -57.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEM and CVRX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AEM and CVRX?
As of 2026-08-27, the correlation of weekly returns between AEM and CVRX is -0.21 over 3 years, -0.16 over 1 year and -0.10 over 5 years.
Is CVRX a good diversifier for AEM?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/aem-vs-cvrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aem-vs-cvrx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEM correlations · CVRX correlations
