CRVL vs MOH: Correlation
How closely do CorVel Corp. (CRVL) and Molina Healthcare Inc (MOH) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVL and MOH?
On 3 years of weekly data the CRVL/MOH correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 520.3 %².
Within CRVL's tracked universe of 16 assets, MOH comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MOH ahead by 35.8 points (-23.0% versus +12.8%).
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 MOH: side by side
| CRVL (CorVel Corp.) | MOH (Molina Healthcare Inc) | |
|---|---|---|
| 1-year return | -23.0% | +12.8% |
| 5-year return | +27.9% | -25.1% |
| Volatility (ann.) | 34.0% | 44.8% |
| Beta vs S&P 500 | 0.68 | -0.03 |
| Max drawdown (3Y) | -64.2% | -70.8% |
| Market cap | $3.5B | $10.4B |
| P/E (trailing) | 31.3 | 1242.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVL | MOH |
|---|---|---|
| 2022 | -30.1% | +3.8% |
| 2023 | +70.1% | +9.4% |
| 2024 | +35.0% | -19.4% |
| 2025 | -39.2% | -40.4% |
| 2026 | +2.6% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVL and MOH good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRVL and MOH?
As of 2026-08-27, the correlation of weekly returns between CRVL and MOH is 0.34 over 3 years, 0.39 over 1 year and 0.35 over 5 years.
Is MOH a good diversifier for CRVL?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/crvl-vs-moh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crvl-vs-moh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRVL correlations · MOH correlations
