AKAN vs CVV: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and CVD Equipment Corporation (CVV) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and CVV?
Over the past 3 years, AKAN and CVV moved with a correlation of 0.38, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 8523.7 %².
By 3-year correlation, CVV places #8 of the 26 assets tracked against AKAN. The last year tells two different stories: CVV led by 249.3 percentage points, -95.2% for AKAN against +154.1% for CVV. One caveat on sizing: AKAN is 3.6 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.
AKAN vs CVV: side by side
| AKAN (Akanda Corp.) | CVV (CVD Equipment Corporation) | |
|---|---|---|
| 1-year return | -95.2% | +154.1% |
| 5-year return | -100.0% | +58.5% |
| Volatility (ann.) | 285.6% | 78.8% |
| Beta vs S&P 500 | 2.86 | 0.89 |
| Max drawdown (3Y) | -99.9% | -67.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | CVV |
|---|---|---|
| 2022 | – | +33.4% |
| 2023 | -70.5% | -19.6% |
| 2024 | -95.5% | -0.7% |
| 2025 | -90.9% | -29.8% |
| 2026 | -58.9% | +138.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and CVV good diversifiers for each other?
Reasonably. At 0.38, AKAN and CVV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AKAN and CVV?
As of 2026-08-27, the correlation of weekly returns between AKAN and CVV is 0.38 over 3 years, 0.47 over 1 year and 0.33 over 5 years.
Is CVV a good diversifier for AKAN?
Reasonably. At 0.38, AKAN and CVV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/akan-vs-cvv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-cvv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · CVV correlations
