BALL vs CTVA: Correlation
Ball Corporation (BALL) and Corteva (CTVA) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and CTVA?
Across a 3-year window, the weekly returns of BALL and CTVA correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 223.5 %².
Among the 41 assets we track against BALL, CTVA ranks #29 by 3-year correlation. On 12-month performance BALL holds a 12.0-point edge, +22.9% against +10.9%. Across three years, the rolling one-year figure varied moderately, from 0.16 to 0.47.
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.
BALL vs CTVA: side by side
| BALL (Ball Corporation) | CTVA (Corteva) | |
|---|---|---|
| 1-year return | +22.9% | +10.9% |
| 5-year return | -29.3% | +98.2% |
| Volatility (ann.) | 26.9% | 26.8% |
| Beta vs S&P 500 | 0.43 | 0.43 |
| Max drawdown (3Y) | -35.6% | -20.7% |
| Market cap | $16.8B | $55.0B |
| P/E (trailing) | 18.4 | 50.2 |
| Dividend yield | 1.25% | 0.87% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | BALL | CTVA |
|---|---|---|
| 2022 | -46.2% | +25.6% |
| 2023 | +14.1% | -17.5% |
| 2024 | -3.0% | +20.2% |
| 2025 | -2.4% | +18.9% |
| 2026 | +20.4% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and CTVA good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BALL and CTVA?
As of 2026-08-27, the correlation of weekly returns between BALL and CTVA is 0.31 over 3 years, 0.24 over 1 year and 0.31 over 5 years.
Is CTVA a good diversifier for BALL?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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/ball-vs-ctva.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ball-vs-ctva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BALL correlations · CTVA correlations
