CRVO vs HSIC: Correlation
How closely do CervoMed Inc. (CRVO) and Henry Schein (HSIC) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVO and HSIC?
On 3 years of weekly data the CRVO/HSIC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.20). The 5-year figure is -0.13, and annualized covariance runs at -897.4 %².
Within CRVO's tracked universe of 17 assets, HSIC comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 102.8 percentage points (-71.9% for CRVO against +30.9% for HSIC). One caveat on sizing: CRVO is 7.1 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.
CRVO vs HSIC: side by side
| CRVO (CervoMed Inc.) | HSIC (Henry Schein) | |
|---|---|---|
| 1-year return | -71.9% | +30.9% |
| 5-year return | -94.2% | +20.1% |
| Volatility (ann.) | 178.5% | 25.2% |
| Beta vs S&P 500 | 0.33 | 0.33 |
| Max drawdown (3Y) | -92.7% | -24.3% |
| Market cap | – | $10.1B |
| P/E (trailing) | – | 26.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CRVO | HSIC |
|---|---|---|
| 2022 | -67.4% | +3.0% |
| 2023 | +0.5% | -5.2% |
| 2024 | -69.3% | -8.6% |
| 2025 | +237.6% | +9.2% |
| 2026 | -66.6% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVO and HSIC good diversifiers for each other?
Yes. With a correlation of -0.20, CRVO and HSIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRVO and HSIC?
As of 2026-08-27, the correlation of weekly returns between CRVO and HSIC is -0.20 over 3 years, -0.07 over 1 year and -0.13 over 5 years.
Is HSIC a good diversifier for CRVO?
Yes. With a correlation of -0.20, CRVO and HSIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/crvo-vs-hsic.json
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[](https://www.pairbook.io/pair/crvo-vs-hsic/)
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Related comparisons
Hubs: CRVO correlations · HSIC correlations
