CLDI vs CTVA: Correlation
How closely do Calidi Biotherapeutics, Inc. (CLDI) and Corteva (CTVA) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDI and CTVA?
Over the past 3 years, CLDI and CTVA moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.19). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -912.1 %².
CTVA is close to the least connected end of CLDI's tracked universe, ranking #11 of 14. Their recent paths diverged sharply: over the last 12 months CTVA outperformed by 106.0 percentage points (-95.1% for CLDI against +10.9% for CTVA). One caveat on sizing: CLDI is 6.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLDI vs CTVA: side by side
| CLDI (Calidi Biotherapeutics, Inc.) | CTVA (Corteva) | |
|---|---|---|
| 1-year return | -95.1% | +10.9% |
| 5-year return | -100.0% | +98.2% |
| Volatility (ann.) | 182.9% | 26.8% |
| Beta vs S&P 500 | 1.03 | 0.43 |
| Max drawdown (3Y) | -100.0% | -20.7% |
| Market cap | – | $55.0B |
| P/E (trailing) | – | 50.2 |
| Dividend yield | 0.00% | 0.87% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CLDI | CTVA |
|---|---|---|
| 2022 | +3.7% | +25.6% |
| 2023 | -85.2% | -17.5% |
| 2024 | -92.4% | +20.2% |
| 2025 | -91.5% | +18.9% |
| 2026 | -93.1% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDI and CTVA good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLDI and CTVA?
As of 2026-08-27, the correlation of weekly returns between CLDI and CTVA is -0.19 over 3 years, -0.05 over 1 year and -0.14 over 5 years.
Is CTVA a good diversifier for CLDI?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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
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Related comparisons
Hubs: CLDI correlations · CTVA correlations
