CPRT vs INV: Correlation
Measured on weekly returns over the past three years, Copart (CPRT) and Innventure, Inc. (INV) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and INV?
On 3 years of weekly data the CPRT/INV correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.18). The 5-year figure is -0.14, and annualized covariance runs at -417.9 %².
INV is close to the least connected end of CPRT's tracked universe, ranking #31 of 35. Correlation aside, the last 12 months split them widely, with CPRT ahead by 36.8 points (-32.6% versus -69.4%). Note the risk asymmetry: INV runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CPRT vs INV: side by side
| CPRT (Copart) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | -32.6% | -69.4% |
| 5-year return | -9.3% | -85.4% |
| Volatility (ann.) | 26.0% | 90.9% |
| Beta vs S&P 500 | 0.86 | 1.31 |
| Max drawdown (3Y) | -57.4% | -90.4% |
| Market cap | $30.3B | $0.1B |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CPRT | INV |
|---|---|---|
| 2022 | -19.7% | +1.1% |
| 2023 | +60.9% | +7.3% |
| 2024 | +17.1% | +27.8% |
| 2025 | -31.8% | -69.8% |
| 2026 | -16.3% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and INV good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPRT and INV?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.34 over the last year and -0.14 over 5 years.
Is INV a good diversifier for CPRT?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/cprt-vs-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cprt-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPRT correlations · INV correlations
