CBZ vs CRVS: Correlation
How closely do CBIZ, Inc. (CBZ) and Corvus Pharmaceuticals, Inc. (CRVS) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and CRVS?
Across a 3-year window, the weekly returns of CBZ and CRVS correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.18). Stretching to 5 years gives -0.10, with an annualized covariance of -1144.0 %².
Among the 20 assets we track against CBZ, CRVS sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months CRVS outperformed by 184.5 percentage points (-16.9% for CBZ against +167.6% for CRVS). Risk is not evenly split, since CRVS carries 3.2 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.
CBZ vs CRVS: side by side
| CBZ (CBIZ, Inc.) | CRVS (Corvus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -16.9% | +167.6% |
| 5-year return | +61.7% | +581.5% |
| Volatility (ann.) | 44.6% | 144.6% |
| Beta vs S&P 500 | 1.02 | 1.20 |
| Max drawdown (3Y) | -71.6% | -70.5% |
| Market cap | $3.0B | $1.2B |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBZ | CRVS |
|---|---|---|
| 2022 | +19.8% | -64.7% |
| 2023 | +33.6% | +107.1% |
| 2024 | +30.7% | +204.0% |
| 2025 | -38.3% | +43.9% |
| 2026 | +8.4% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and CRVS good diversifiers for each other?
Yes. With a correlation of -0.18, CBZ and CRVS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBZ and CRVS?
As of 2026-08-27, the correlation of weekly returns between CBZ and CRVS is -0.18 over 3 years, -0.29 over 1 year and -0.10 over 5 years.
Is CRVS a good diversifier for CBZ?
Yes. With a correlation of -0.18, CBZ and CRVS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbz-vs-crvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbz-vs-crvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBZ correlations · CRVS correlations
