CRVO vs KHC: Correlation
Measured on weekly returns over the past three years, CervoMed Inc. (CRVO) and Kraft Heinz (KHC) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVO and KHC?
On 3 years of weekly data the CRVO/KHC correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -981.2 %².
Among the 17 assets we track against CRVO, KHC sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with KHC ahead by 68.0 points (-71.9% versus -3.9%). One caveat on sizing: CRVO is 8.2 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 KHC: side by side
| CRVO (CervoMed Inc.) | KHC (Kraft Heinz) | |
|---|---|---|
| 1-year return | -71.9% | -3.9% |
| 5-year return | -94.2% | -10.9% |
| Volatility (ann.) | 178.5% | 21.7% |
| Beta vs S&P 500 | 0.33 | 0.12 |
| Max drawdown (3Y) | -92.7% | -38.7% |
| Market cap | – | $29.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.45% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CRVO | KHC |
|---|---|---|
| 2022 | -67.4% | +18.2% |
| 2023 | +0.5% | -5.0% |
| 2024 | -69.3% | -13.0% |
| 2025 | +237.6% | -16.3% |
| 2026 | -66.6% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVO and KHC good diversifiers for each other?
Yes. With a correlation of -0.25, CRVO and KHC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRVO and KHC?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.24 over the last year and -0.18 over 5 years.
Is KHC a good diversifier for CRVO?
Yes. With a correlation of -0.25, CRVO and KHC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crvo-vs-khc/)
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Related comparisons
Hubs: CRVO correlations · KHC correlations
