CDW vs EVC: Correlation
How closely do CDW Corporation (CDW) and Entravision Communications Corporation (EVC) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and EVC?
Across a 3-year window, the weekly returns of CDW and EVC correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.21). Stretching to 5 years gives -0.08, with an annualized covariance of -584.9 %².
By 3-year correlation, EVC places #33 of the 40 assets tracked against CDW. Correlation aside, the last 12 months split them widely, with EVC ahead by 240.1 points (-8.0% versus +232.1%). Note the risk asymmetry: EVC runs 2.4 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.
CDW vs EVC: side by side
| CDW (CDW Corporation) | EVC (Entravision Communications Corporation) | |
|---|---|---|
| 1-year return | -8.0% | +232.1% |
| 5-year return | -20.5% | +53.1% |
| Volatility (ann.) | 34.2% | 82.5% |
| Beta vs S&P 500 | 1.01 | 0.94 |
| Max drawdown (3Y) | -60.4% | -67.4% |
| Market cap | $18.6B | $0.7B |
| P/E (trailing) | 17.0 | 404.5 |
| Dividend yield | 1.78% | 2.50% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDW | EVC |
|---|---|---|
| 2022 | -11.7% | -27.8% |
| 2023 | +28.8% | -9.2% |
| 2024 | -22.6% | -37.6% |
| 2025 | -20.6% | +35.8% |
| 2026 | +11.1% | +182.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and EVC good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDW and EVC?
The CDW/EVC correlation stands at -0.21 on a 3-year window (1 year: -0.43, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is EVC a good diversifier for CDW?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdw-vs-evc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdw-vs-evc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDW correlations · EVC correlations
