CMRC vs EVCM: Correlation
Commerce.com, Inc. - Series 1 (CMRC) and EverCommerce Inc. (EVCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and EVCM?
Across a 3-year window, the weekly returns of CMRC and EVCM correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 1237.6 %².
Within CMRC's tracked universe of 16 assets, EVCM comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EVCM ahead by 31.7 points (-49.8% versus -18.1%).
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.
CMRC vs EVCM: side by side
| CMRC (Commerce.com, Inc. - Series 1) | EVCM (EverCommerce Inc.) | |
|---|---|---|
| 1-year return | -49.8% | -18.1% |
| 5-year return | -96.1% | -55.5% |
| Volatility (ann.) | 53.5% | 47.9% |
| Beta vs S&P 500 | 1.40 | 0.95 |
| Max drawdown (3Y) | -81.5% | -35.0% |
| Market cap | $0.2B | $1.7B |
| P/E (trailing) | – | 58.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | EVCM |
|---|---|---|
| 2022 | -75.3% | -52.8% |
| 2023 | +11.3% | +48.3% |
| 2024 | -37.1% | -0.2% |
| 2025 | -32.7% | +10.0% |
| 2026 | -42.5% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and EVCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMRC and EVCM?
As of 2026-08-27, the correlation of weekly returns between CMRC and EVCM is 0.48 over 3 years, 0.38 over 1 year and 0.41 over 5 years.
Is EVCM a good diversifier for CMRC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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
$ curl https://www.pairbook.io/api/v1/pairs/cmrc-vs-evcm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmrc-vs-evcm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMRC correlations · EVCM correlations
