CISS vs INV: Correlation
How closely do C3is Inc. (CISS) and Innventure, Inc. (INV) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISS and INV?
Over the past 3 years, CISS and INV moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.38 over 1 year against -0.31 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -58521.4 %².
By 3-year correlation, INV places #35 of the 42 assets tracked against CISS. The last year tells two different stories: INV led by 30.1 percentage points, -99.5% for CISS against -69.4% for INV. Risk is not evenly split, since CISS carries 23.1 times the volatility of the other side.
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.
CISS vs INV: side by side
| CISS (C3is Inc.) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | -69.4% |
| 5-year return | n/a | -85.4% |
| Volatility (ann.) | 2098.5% | 90.9% |
| Beta vs S&P 500 | 2.24 | 1.31 |
| Max drawdown (3Y) | -100.0% | -90.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISS | INV |
|---|---|---|
| 2022 | – | +1.1% |
| 2023 | – | +7.3% |
| 2024 | -98.9% | +27.8% |
| 2025 | -97.3% | -69.8% |
| 2026 | -93.4% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISS and INV good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CISS and INV?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.38 over the last year and n/a over 5 years.
Is INV a good diversifier for CISS?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/ciss-vs-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ciss-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CISS correlations · INV correlations
