CODI vs VREX: Correlation
D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and Varex Imaging Corporation (VREX) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and VREX?
On 3 years of weekly data the CODI/VREX correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.41 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 1524.2 %².
By 3-year correlation, VREX places #4 of the 17 assets tracked against CODI. The trailing year gives VREX the advantage: +49.4% versus +61.5%, a 12.1-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 VREX: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | VREX (Varex Imaging Corporation) | |
|---|---|---|
| 1-year return | +49.4% | +61.5% |
| 5-year return | -53.0% | -36.0% |
| Volatility (ann.) | 63.2% | 58.7% |
| Beta vs S&P 500 | 1.45 | 1.91 |
| Max drawdown (3Y) | -80.3% | -67.8% |
| Market cap | $0.8B | $0.8B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | VREX |
|---|---|---|
| 2022 | -37.7% | -35.7% |
| 2023 | +29.4% | +1.0% |
| 2024 | +7.5% | -28.8% |
| 2025 | -78.6% | -20.2% |
| 2026 | +134.4% | +58.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and VREX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CODI and VREX?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.25 over the last year and 0.39 over 5 years.
Is VREX a good diversifier for CODI?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/codi-vs-vrex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/codi-vs-vrex/)
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Related comparisons
Hubs: CODI correlations · VREX correlations
