CR vs CVLT: Correlation
How closely do Crane Company (CR) and Commvault Systems, Inc. (CVLT) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CR and CVLT?
On 3 years of weekly data the CR/CVLT correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.51 over 3. The 5-year figure is n/a, and annualized covariance runs at 703.1 %².
Among the 17 assets we track against CR, CVLT ranks #11 by 3-year correlation. The last year tells two different stories: CR led by 32.2 percentage points, +8.4% for CR against -23.8% for CVLT.
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.
CR vs CVLT: side by side
| CR (Crane Company) | CVLT (Commvault Systems, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -23.8% |
| 5-year return | n/a | +73.1% |
| Volatility (ann.) | 31.2% | 44.6% |
| Beta vs S&P 500 | 1.13 | 1.29 |
| Max drawdown (3Y) | -28.0% | -61.5% |
| Market cap | $12.1B | $5.8B |
| P/E (trailing) | 36.6 | 86.1 |
| Dividend yield | 0.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CR | CVLT |
|---|---|---|
| 2022 | – | -8.8% |
| 2023 | – | +27.1% |
| 2024 | +29.2% | +89.0% |
| 2025 | +22.2% | -16.9% |
| 2026 | +13.6% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CR and CVLT good diversifiers for each other?
Only partially. A correlation of 0.51 means CR and CVLT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CR and CVLT?
The CR/CVLT correlation stands at 0.51 on a 3-year window (1 year: 0.55, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CVLT a good diversifier for CR?
Only partially. A correlation of 0.51 means CR and CVLT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/cr-vs-cvlt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cr-vs-cvlt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CR correlations · CVLT correlations
