CIX vs VMD: Correlation
CompX International Inc. (CIX) and Viemed Healthcare, Inc. (VMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIX and VMD?
On 3 years of weekly data the CIX/VMD correlation comes out at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.31 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 760.8 %².
Within CIX's tracked universe of 11 assets, VMD comes in at #5 by 3-year correlation. The trailing year gives CIX the advantage: +31.7% versus +25.5%, a 6.2-point spread.
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.
CIX vs VMD: side by side
| CIX (CompX International Inc.) | VMD (Viemed Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +31.7% | +25.5% |
| 5-year return | +117.2% | +43.9% |
| Volatility (ann.) | 59.7% | 40.5% |
| Beta vs S&P 500 | 0.98 | 0.73 |
| Max drawdown (3Y) | -43.9% | -40.6% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 18.0 | 25.7 |
| Dividend yield | 3.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIX | VMD |
|---|---|---|
| 2022 | -8.0% | +44.8% |
| 2023 | +43.6% | +3.8% |
| 2024 | +14.7% | +2.2% |
| 2025 | -3.2% | -7.4% |
| 2026 | +40.3% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIX and VMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CIX and VMD?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with -0.03 over the last year and 0.22 over 5 years.
Is VMD a good diversifier for CIX?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/cix-vs-vmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cix-vs-vmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIX correlations · VMD correlations
