CRVL vs SPGI: Correlation
CorVel Corp. (CRVL) and S&P Global (SPGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVL and SPGI?
Across a 3-year window, the weekly returns of CRVL and SPGI correlate at 0.55, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.55). Stretching to 5 years gives 0.47, with an annualized covariance of 461.4 %².
SPGI is one of the assets that tracks CRVL most closely: it ranks #2 out of the 16 assets we track against CRVL. Over the last 12 months SPGI came out ahead by 7.4 percentage points (-23.0% against -15.6%).
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 SPGI: side by side
| CRVL (CorVel Corp.) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -23.0% | -15.6% |
| 5-year return | +27.9% | +8.1% |
| Volatility (ann.) | 34.0% | 24.7% |
| Beta vs S&P 500 | 0.68 | 0.86 |
| Max drawdown (3Y) | -64.2% | -30.5% |
| Market cap | $3.5B | $128.4B |
| P/E (trailing) | 31.3 | 26.6 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CRVL | SPGI |
|---|---|---|
| 2022 | -30.1% | -28.4% |
| 2023 | +70.1% | +32.8% |
| 2024 | +35.0% | +13.9% |
| 2025 | -39.2% | +5.7% |
| 2026 | +2.6% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVL and SPGI good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRVL and SPGI?
As of 2026-08-27, the correlation of weekly returns between CRVL and SPGI is 0.55 over 3 years, 0.69 over 1 year and 0.47 over 5 years.
Is SPGI a good diversifier for CRVL?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: CRVL correlations · SPGI correlations
