CRVL vs HRB: Correlation
Measured on weekly returns over the past three years, CorVel Corp. (CRVL) and H&R Block, Inc. (HRB) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVL and HRB?
Across a 3-year window, the weekly returns of CRVL and HRB correlate at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.43 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 478.2 %².
Within CRVL's tracked universe of 16 assets, HRB comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HRB ahead by 30.6 points (-23.0% versus +7.6%).
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.
CRVL vs HRB: side by side
| CRVL (CorVel Corp.) | HRB (H&R Block, Inc.) | |
|---|---|---|
| 1-year return | -23.0% | +7.6% |
| 5-year return | +27.9% | +141.8% |
| Volatility (ann.) | 34.0% | 32.8% |
| Beta vs S&P 500 | 0.68 | 0.31 |
| Max drawdown (3Y) | -64.2% | -55.5% |
| Market cap | $3.5B | $6.5B |
| P/E (trailing) | 31.3 | 9.3 |
| Dividend yield | 0.00% | 3.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVL | HRB |
|---|---|---|
| 2022 | -30.1% | +59.9% |
| 2023 | +70.1% | +36.9% |
| 2024 | +35.0% | +12.0% |
| 2025 | -39.2% | -14.9% |
| 2026 | +2.6% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVL and HRB good diversifiers for each other?
Reasonably. At 0.43, CRVL and HRB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRVL and HRB?
As of 2026-08-27, the correlation of weekly returns between CRVL and HRB is 0.43 over 3 years, 0.58 over 1 year and 0.35 over 5 years.
Is HRB a good diversifier for CRVL?
Reasonably. At 0.43, CRVL and HRB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/crvl-vs-hrb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crvl-vs-hrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRVL correlations · HRB correlations
