CLRO vs CVRX: Correlation
ClearOne, Inc. (CLRO) and CVRx, Inc. (CVRX) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and CVRX?
On 3 years of weekly data the CLRO/CVRX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.23 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -3916.6 %².
CVRX is close to the least connected end of CLRO's tracked universe, ranking #11 of 13. Their recent paths diverged sharply: over the last 12 months CLRO outperformed by 110.9 percentage points (+51.1% for CLRO against -59.8% for CVRX). Risk is not evenly split, since CLRO carries 1.6 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.
CLRO vs CVRX: side by side
| CLRO (ClearOne, Inc.) | CVRX (CVRx, Inc.) | |
|---|---|---|
| 1-year return | +51.1% | -59.8% |
| 5-year return | -59.8% | -84.4% |
| Volatility (ann.) | 165.8% | 101.8% |
| Beta vs S&P 500 | 2.00 | 0.65 |
| Max drawdown (3Y) | -87.2% | -92.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRO | CVRX |
|---|---|---|
| 2022 | +17.8% | +50.0% |
| 2023 | +26.6% | +71.3% |
| 2024 | +5.4% | -59.7% |
| 2025 | -56.5% | -44.0% |
| 2026 | +17.3% | -57.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and CVRX good diversifiers for each other?
Yes. With a correlation of -0.23, CLRO and CVRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLRO and CVRX?
The CLRO/CVRX correlation stands at -0.23 on a 3-year window (1 year: -0.50, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is CVRX a good diversifier for CLRO?
Yes. With a correlation of -0.23, CLRO and CVRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/clro-vs-cvrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clro-vs-cvrx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLRO correlations · CVRX correlations
