CF vs CTVA: Correlation
Measured on weekly returns over the past three years, CF Industries (CF) and Corteva (CTVA) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and CTVA?
Over the past 3 years, CF and CTVA moved with a correlation of 0.26, which is weak. Recent behaviour matches the longer record: 0.30 over 1 year against 0.26 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 229.8 %².
Among the 50 assets we track against CF, CTVA ranks #21 by 3-year correlation. The last year tells two different stories: CF led by 37.7 percentage points, +48.6% for CF against +10.9% for CTVA. On a rolling one-year basis the correlation drifted between 0.14 and 0.62, a moderate band.
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.
CF vs CTVA: side by side
| CF (CF Industries) | CTVA (Corteva) | |
|---|---|---|
| 1-year return | +48.6% | +10.9% |
| 5-year return | +211.5% | +98.2% |
| Volatility (ann.) | 32.8% | 26.8% |
| Beta vs S&P 500 | -0.20 | 0.43 |
| Max drawdown (3Y) | -29.2% | -20.7% |
| Market cap | $19.0B | $55.0B |
| P/E (trailing) | 9.3 | 50.2 |
| Dividend yield | 1.59% | 0.87% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CF | CTVA |
|---|---|---|
| 2022 | +22.3% | +25.6% |
| 2023 | -4.7% | -17.5% |
| 2024 | +10.1% | +20.2% |
| 2025 | -7.2% | +18.9% |
| 2026 | +64.9% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and CTVA good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CF and CTVA?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.30 over the last year and 0.37 over 5 years.
Is CTVA a good diversifier for CF?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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/cf-vs-ctva.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cf-vs-ctva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CF correlations · CTVA correlations
