BWMX vs CVM: Correlation
Betterware de Mexico, S.A.P.I. de C.V. (BWMX) and Cel-Sci Corporation (CVM) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMX and CVM?
Across a 3-year window, the weekly returns of BWMX and CVM correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.26, with an annualized covariance of 2397.0 %².
In BWMX's tracked universe of 10 assets, CVM sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months BWMX outperformed by 113.3 percentage points (+25.6% for BWMX against -87.7% for CVM). Note the risk asymmetry: CVM runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BWMX vs CVM: side by side
| BWMX (Betterware de Mexico, S.A.P.I. de C.V.) | CVM (Cel-Sci Corporation) | |
|---|---|---|
| 1-year return | +25.6% | -87.7% |
| 5-year return | -40.9% | -99.5% |
| Volatility (ann.) | 45.7% | 126.6% |
| Beta vs S&P 500 | 0.88 | 2.35 |
| Max drawdown (3Y) | -57.5% | -99.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 66.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWMX | CVM |
|---|---|---|
| 2022 | -66.1% | -66.9% |
| 2023 | +133.9% | +15.7% |
| 2024 | -12.0% | -85.3% |
| 2025 | +37.3% | -56.2% |
| 2026 | +18.7% | -69.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMX and CVM good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BWMX and CVM?
The BWMX/CVM correlation stands at 0.41 on a 3-year window (1 year: 0.33, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is CVM a good diversifier for BWMX?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BWMX correlations · CVM correlations
