CF vs IDXX: Correlation
Measured on weekly returns over the past three years, CF Industries (CF) and Idexx Laboratories (IDXX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and IDXX?
Across a 3-year window, the weekly returns of CF and IDXX correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.22). Stretching to 5 years gives -0.08, with an annualized covariance of -226.0 %².
Among the 50 assets we track against CF, IDXX ranks #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CF ahead by 63.5 points (+48.6% versus -14.9%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.51 and 0.18 over the past three years, so this pair behaves very differently depending on the market environment.
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 IDXX: side by side
| CF (CF Industries) | IDXX (Idexx Laboratories) | |
|---|---|---|
| 1-year return | +48.6% | -14.9% |
| 5-year return | +211.5% | -20.7% |
| Volatility (ann.) | 32.8% | 30.9% |
| Beta vs S&P 500 | -0.20 | 1.01 |
| Max drawdown (3Y) | -29.2% | -37.4% |
| Market cap | $19.0B | $42.9B |
| P/E (trailing) | 9.3 | 38.9 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Materials | Health Care |
Year-by-year returns
| Year | CF | IDXX |
|---|---|---|
| 2022 | +22.3% | -38.0% |
| 2023 | -4.7% | +36.1% |
| 2024 | +10.1% | -25.5% |
| 2025 | -7.2% | +63.6% |
| 2026 | +64.9% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and IDXX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CF and IDXX?
As of 2026-08-27, the correlation of weekly returns between CF and IDXX is -0.22 over 3 years, -0.48 over 1 year and -0.08 over 5 years.
Is IDXX a good diversifier for CF?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/cf-vs-idxx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cf-vs-idxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CF correlations · IDXX correlations
