CODI vs IART: Correlation
Measured on weekly returns over the past three years, D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and Integra LifeSciences Holdings Corporation (IART) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and IART?
Over the past 3 years, CODI and IART moved with a correlation of 0.49, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.49 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1803.8 %².
Few assets follow CODI as closely as IART, which ranks #1 of 17 tracked partners. Their recent paths diverged sharply: over the last 12 months CODI outperformed by 36.1 percentage points (+49.4% for CODI against +13.3% for IART).
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.
CODI vs IART: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | IART (Integra LifeSciences Holdings Corporation) | |
|---|---|---|
| 1-year return | +49.4% | +13.3% |
| 5-year return | -53.0% | -77.0% |
| Volatility (ann.) | 63.2% | 58.0% |
| Beta vs S&P 500 | 1.45 | 1.66 |
| Max drawdown (3Y) | -80.3% | -80.3% |
| Market cap | $0.8B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | IART |
|---|---|---|
| 2022 | -37.7% | -16.3% |
| 2023 | +29.4% | -22.3% |
| 2024 | +7.5% | -47.9% |
| 2025 | -78.6% | -45.2% |
| 2026 | +134.4% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and IART good diversifiers for each other?
Reasonably. At 0.49, CODI and IART keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CODI and IART?
As of 2026-08-27, the correlation of weekly returns between CODI and IART is 0.49 over 3 years, 0.33 over 1 year and 0.47 over 5 years.
Is IART a good diversifier for CODI?
Reasonably. At 0.49, CODI and IART keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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
$ curl https://www.pairbook.io/api/v1/pairs/codi-vs-iart.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/codi-vs-iart/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CODI correlations · IART correlations
