CRMD vs SNX: Correlation
CorMedix Inc. (CRMD) and TD SYNNEX Corporation (SNX) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMD and SNX?
Over the past 3 years, CRMD and SNX moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 979.1 %².
SNX is one of the assets that tracks CRMD most closely: it ranks #1 out of the 11 assets we track against CRMD. Their recent paths diverged sharply: over the last 12 months SNX outperformed by 117.4 percentage points (-41.2% for CRMD against +76.2% for SNX). One caveat on sizing: CRMD is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRMD vs SNX: side by side
| CRMD (CorMedix Inc.) | SNX (TD SYNNEX Corporation) | |
|---|---|---|
| 1-year return | -41.2% | +76.2% |
| 5-year return | +33.4% | +114.5% |
| Volatility (ann.) | 74.6% | 31.3% |
| Beta vs S&P 500 | 1.50 | 1.15 |
| Max drawdown (3Y) | -62.3% | -33.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 3.8 | 18.6 |
| Dividend yield | 0.00% | 0.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMD | SNX |
|---|---|---|
| 2022 | -7.3% | -16.1% |
| 2023 | -10.9% | +15.3% |
| 2024 | +115.4% | +10.5% |
| 2025 | +43.6% | +29.8% |
| 2026 | -28.5% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMD and SNX good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRMD and SNX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.25 over the last year and 0.40 over 5 years.
Is SNX a good diversifier for CRMD?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/crmd-vs-snx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crmd-vs-snx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRMD correlations · SNX correlations
