CDLX vs EVI: Correlation
Measured on weekly returns over the past three years, Cardlytics, Inc. (CDLX) and EVI Industries, Inc. (EVI) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDLX and EVI?
On 3 years of weekly data the CDLX/EVI correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.39 over 3. The 5-year figure is 0.27, and annualized covariance runs at 2647.2 %².
By 3-year correlation, EVI places #8 of the 15 assets tracked against CDLX. Their recent paths diverged sharply: over the last 12 months EVI outperformed by 15.1 percentage points (-61.1% for CDLX against -46.0% for EVI). One caveat on sizing: CDLX is 2.7 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.
CDLX vs EVI: side by side
| CDLX (Cardlytics, Inc.) | EVI (EVI Industries, Inc.) | |
|---|---|---|
| 1-year return | -61.1% | -46.0% |
| 5-year return | -99.6% | -38.2% |
| Volatility (ann.) | 134.2% | 50.2% |
| Beta vs S&P 500 | 2.27 | 1.05 |
| Max drawdown (3Y) | -98.3% | -59.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDLX | EVI |
|---|---|---|
| 2022 | -91.3% | -23.6% |
| 2023 | +59.3% | +0.5% |
| 2024 | -59.7% | -30.0% |
| 2025 | -69.0% | +52.2% |
| 2026 | -65.1% | -40.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDLX and EVI good diversifiers for each other?
Reasonably. At 0.39, CDLX and EVI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDLX and EVI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.34 over the last year and 0.27 over 5 years.
Is EVI a good diversifier for CDLX?
Reasonably. At 0.39, CDLX and EVI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/cdlx-vs-evi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdlx-vs-evi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDLX correlations · EVI correlations
