CAG vs NVDA: Correlation
Measured on weekly returns over the past three years, ConAgra Brands, Inc. (CAG) and Nvidia (NVDA) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and NVDA?
On 3 years of weekly data the CAG/NVDA correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -266.0 %².
Out of 34 assets tracked against CAG, NVDA lands near the bottom at #31. The last year tells two different stories: NVDA led by 35.5 percentage points, -9.8% for CAG against +25.7% for NVDA. One caveat on sizing: NVDA is 1.8 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.
CAG vs NVDA: side by side
| CAG (ConAgra Brands, Inc.) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | -9.8% | +25.7% |
| 5-year return | -36.6% | +908.3% |
| Volatility (ann.) | 24.2% | 44.5% |
| Beta vs S&P 500 | -0.05 | 2.18 |
| Max drawdown (3Y) | -56.7% | -36.9% |
| Market cap | $7.7B | $5,505.0B |
| P/E (trailing) | – | 32.2 |
| Dividend yield | 8.65% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CAG | NVDA |
|---|---|---|
| 2022 | +17.5% | -50.3% |
| 2023 | -22.8% | +239.0% |
| 2024 | +1.5% | +171.2% |
| 2025 | -33.3% | +38.9% |
| 2026 | -2.1% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and NVDA good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CAG and NVDA?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.28 over the last year and -0.14 over 5 years.
Is NVDA a good diversifier for CAG?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/cag-vs-nvda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cag-vs-nvda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAG correlations · NVDA correlations
