CRVL vs IT: Correlation
Measured on weekly returns over the past three years, CorVel Corp. (CRVL) and Gartner (IT) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVL and IT?
On 3 years of weekly data the CRVL/IT correlation comes out at 0.52, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.52). The 5-year figure is 0.42, and annualized covariance runs at 719.4 %².
Among the 16 assets we track against CRVL, IT ranks #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -23.0% for CRVL and -20.2% for IT.
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 IT: side by side
| CRVL (CorVel Corp.) | IT (Gartner) | |
|---|---|---|
| 1-year return | -23.0% | -20.2% |
| 5-year return | +27.9% | -36.0% |
| Volatility (ann.) | 34.0% | 40.6% |
| Beta vs S&P 500 | 0.68 | 0.92 |
| Max drawdown (3Y) | -64.2% | -77.2% |
| Market cap | $3.5B | $12.4B |
| P/E (trailing) | 31.3 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CRVL | IT |
|---|---|---|
| 2022 | -30.1% | +0.5% |
| 2023 | +70.1% | +34.2% |
| 2024 | +35.0% | +7.4% |
| 2025 | -39.2% | -47.9% |
| 2026 | +2.6% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVL and IT good diversifiers for each other?
Only partially. A correlation of 0.52 means CRVL and IT 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 CRVL and IT?
The CRVL/IT correlation stands at 0.52 on a 3-year window (1 year: 0.66, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is IT a good diversifier for CRVL?
Only partially. A correlation of 0.52 means CRVL and IT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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
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Related comparisons
Hubs: CRVL correlations · IT correlations
