BJ vs CVKD: Correlation
Measured on weekly returns over the past three years, BJ's Wholesale Club Holdings, Inc. (BJ) and Cadrenal Therapeutics, Inc. (CVKD) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and CVKD?
On 3 years of weekly data the BJ/CVKD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -540.2 %².
Within BJ's tracked universe of 43 assets, CVKD comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BJ ahead by 81.9 points (-6.9% versus -88.8%). Risk is not evenly split, since CVKD carries 3.6 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.
BJ vs CVKD: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | CVKD (Cadrenal Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -6.9% | -88.8% |
| 5-year return | +59.5% | n/a |
| Volatility (ann.) | 26.4% | 94.8% |
| Beta vs S&P 500 | -0.14 | 1.51 |
| Max drawdown (3Y) | -30.1% | -94.4% |
| Market cap | $11.4B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJ | CVKD |
|---|---|---|
| 2022 | -1.2% | – |
| 2023 | +0.8% | – |
| 2024 | +34.0% | +30.5% |
| 2025 | +0.8% | -53.2% |
| 2026 | +0.5% | -76.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and CVKD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJ and CVKD?
As of 2026-08-27, the correlation of weekly returns between BJ and CVKD is -0.22 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is CVKD a good diversifier for BJ?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/bj-vs-cvkd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bj-vs-cvkd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BJ correlations · CVKD correlations
