CODI vs PLX: Correlation
D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and Protalix BioTherapeutics, Inc. (DE) (PLX) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and PLX?
On 3 years of weekly data the CODI/PLX correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.38). The 5-year figure is 0.31, and annualized covariance runs at 1546.7 %².
Within CODI's tracked universe of 17 assets, PLX comes in at #6 by 3-year correlation. The trailing year gives PLX the advantage: +49.4% versus +63.1%, a 13.7-point spread.
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 PLX: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | PLX (Protalix BioTherapeutics, Inc. (DE)) | |
|---|---|---|
| 1-year return | +49.4% | +63.1% |
| 5-year return | -53.0% | +66.2% |
| Volatility (ann.) | 63.2% | 65.1% |
| Beta vs S&P 500 | 1.45 | 0.87 |
| Max drawdown (3Y) | -80.3% | -56.0% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | PLX |
|---|---|---|
| 2022 | -37.7% | +65.1% |
| 2023 | +29.4% | +29.9% |
| 2024 | +7.5% | +5.6% |
| 2025 | -78.6% | -4.3% |
| 2026 | +134.4% | +45.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and PLX good diversifiers for each other?
Reasonably. At 0.38, CODI and PLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CODI and PLX?
The CODI/PLX correlation stands at 0.38 on a 3-year window (1 year: 0.21, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is PLX a good diversifier for CODI?
Reasonably. At 0.38, CODI and PLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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-plx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/codi-vs-plx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CODI correlations · PLX correlations
