COHR vs INV: Correlation
Measured on weekly returns over the past three years, Coherent Corp. (COHR) and Innventure, Inc. (INV) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and INV?
Over the past 3 years, COHR and INV moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1924.8 %².
Within COHR's tracked universe of 41 assets, INV comes in at #30 by 3-year correlation. The last year tells two different stories: COHR led by 295.0 percentage points, +225.6% for COHR against -69.4% for INV.
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.
COHR vs INV: side by side
| COHR (Coherent Corp.) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | +225.6% | -69.4% |
| 5-year return | +368.6% | -85.4% |
| Volatility (ann.) | 65.0% | 90.9% |
| Beta vs S&P 500 | 2.76 | 1.31 |
| Max drawdown (3Y) | -54.8% | -90.4% |
| Market cap | $57.8B | $0.1B |
| P/E (trailing) | 71.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | COHR | INV |
|---|---|---|
| 2022 | -48.6% | +1.1% |
| 2023 | +24.0% | +7.3% |
| 2024 | +117.6% | +27.8% |
| 2025 | +94.8% | -69.8% |
| 2026 | +60.0% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and INV good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COHR and INV?
The COHR/INV correlation stands at 0.33 on a 3-year window (1 year: 0.36, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is INV a good diversifier for COHR?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cohr-vs-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cohr-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COHR correlations · INV correlations
