CKX vs CVV: Correlation
How closely do CKX Lands, Inc. (CKX) and CVD Equipment Corporation (CVV) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CKX and CVV?
Over the past 3 years, CKX and CVV moved with a correlation of 0.25, which is weak. Recent behaviour matches the longer record: 0.35 over 1 year against 0.25 over 3. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 515.0 %².
In CKX's tracked universe of 14 assets, CVV sits right near the top at #3. The last year tells two different stories: CVV led by 159.2 percentage points, -5.1% for CKX against +154.1% for CVV. Note the risk asymmetry: CVV runs 3.1 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.
CKX vs CVV: side by side
| CKX (CKX Lands, Inc.) | CVV (CVD Equipment Corporation) | |
|---|---|---|
| 1-year return | -5.1% | +154.1% |
| 5-year return | -7.1% | +58.5% |
| Volatility (ann.) | 25.7% | 78.8% |
| Beta vs S&P 500 | 0.01 | 0.89 |
| Max drawdown (3Y) | -37.0% | -67.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CKX | CVV |
|---|---|---|
| 2022 | -11.2% | +33.4% |
| 2023 | +30.3% | -19.6% |
| 2024 | -2.8% | -0.7% |
| 2025 | -27.4% | -29.8% |
| 2026 | +16.4% | +138.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CKX and CVV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CKX and CVV?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.35 over the last year and 0.22 over 5 years.
Is CVV a good diversifier for CKX?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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/ckx-vs-cvv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ckx-vs-cvv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CKX correlations · CVV correlations
