CBZ vs YARW: Correlation
How closely do CBIZ, Inc. (CBZ) and Yarrow Bioscience, Inc. (YARW) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and YARW?
Across a 3-year window, the weekly returns of CBZ and YARW correlate at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.37 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 1649.4 %².
Among the 20 assets we track against CBZ, YARW ranks #14 by 3-year correlation. The last year tells two different stories: YARW led by 329.9 percentage points, -16.9% for CBZ against +313.0% for YARW. Note the risk asymmetry: YARW runs 2.2 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.
CBZ vs YARW: side by side
| CBZ (CBIZ, Inc.) | YARW (Yarrow Bioscience, Inc.) | |
|---|---|---|
| 1-year return | -16.9% | +313.0% |
| 5-year return | +61.7% | -95.6% |
| Volatility (ann.) | 44.6% | 99.6% |
| Beta vs S&P 500 | 1.02 | 1.89 |
| Max drawdown (3Y) | -71.6% | -93.8% |
| Market cap | $3.0B | $0.1B |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBZ | YARW |
|---|---|---|
| 2022 | +19.8% | -85.3% |
| 2023 | +33.6% | -13.7% |
| 2024 | +30.7% | +43.8% |
| 2025 | -38.3% | -82.7% |
| 2026 | +8.4% | +132.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and YARW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CBZ and YARW?
The CBZ/YARW correlation stands at 0.37 on a 3-year window (1 year: 0.26, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is YARW a good diversifier for CBZ?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
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Related comparisons
Hubs: CBZ correlations · YARW correlations
