CNH vs CTVA: Correlation
How closely do CNH Industrial N.V. (CNH) and Corteva (CTVA) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNH and CTVA?
On 3 years of weekly data the CNH/CTVA correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.50 over 3 years. The 5-year figure is 0.50, and annualized covariance runs at 444.8 %².
Among the 15 assets we track against CNH, CTVA ranks #6 by 3-year correlation. The last year tells two different stories: CTVA led by 15.3 percentage points, -4.4% for CNH against +10.9% for CTVA.
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.
CNH vs CTVA: side by side
| CNH (CNH Industrial N.V.) | CTVA (Corteva) | |
|---|---|---|
| 1-year return | -4.4% | +10.9% |
| 5-year return | -12.0% | +98.2% |
| Volatility (ann.) | 33.5% | 26.8% |
| Beta vs S&P 500 | 0.73 | 0.43 |
| Max drawdown (3Y) | -33.2% | -20.7% |
| Market cap | $18.4B | $55.0B |
| P/E (trailing) | 45.7 | 50.2 |
| Dividend yield | 0.86% | 0.87% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CNH | CTVA |
|---|---|---|
| 2022 | -3.2% | +25.6% |
| 2023 | -22.0% | -17.5% |
| 2024 | -3.1% | +20.2% |
| 2025 | -17.1% | +18.9% |
| 2026 | +25.2% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNH and CTVA good diversifiers for each other?
Only partially. A correlation of 0.50 means CNH and CTVA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CNH and CTVA?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.31 over the last year and 0.50 over 5 years.
Is CTVA a good diversifier for CNH?
Only partially. A correlation of 0.50 means CNH and CTVA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: CNH correlations · CTVA correlations
