CCSI vs NVAX: Correlation
Consensus Cloud Solutions, Inc. (CCSI) and Novavax, Inc. (NVAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCSI and NVAX?
On 3 years of weekly data the CCSI/NVAX correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.48 over 3. The 5-year figure is 0.38, and annualized covariance runs at 2753.9 %².
NVAX is one of the assets that tracks CCSI most closely: it ranks #1 out of the 16 assets we track against CCSI. Their recent paths diverged sharply: over the last 12 months CCSI outperformed by 30.0 percentage points (+49.4% for CCSI against +19.4% for NVAX).
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.
CCSI vs NVAX: side by side
| CCSI (Consensus Cloud Solutions, Inc.) | NVAX (Novavax, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | +19.4% |
| 5-year return | +11.8% | -96.1% |
| Volatility (ann.) | 66.1% | 86.3% |
| Beta vs S&P 500 | 1.27 | 1.77 |
| Max drawdown (3Y) | -63.8% | -74.1% |
| Market cap | $0.7B | $1.5B |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCSI | NVAX |
|---|---|---|
| 2022 | -7.1% | -92.8% |
| 2023 | -51.2% | -53.3% |
| 2024 | -9.0% | +67.5% |
| 2025 | -8.5% | -16.4% |
| 2026 | +82.6% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCSI and NVAX good diversifiers for each other?
Reasonably. At 0.48, CCSI and NVAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCSI and NVAX?
As of 2026-08-27, the correlation of weekly returns between CCSI and NVAX is 0.48 over 3 years, 0.54 over 1 year and 0.38 over 5 years.
Is NVAX a good diversifier for CCSI?
Reasonably. At 0.48, CCSI and NVAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/ccsi-vs-nvax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccsi-vs-nvax/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCSI correlations · NVAX correlations
