CSPI vs SLVM: Correlation
How closely do CSP Inc. (CSPI) and Sylvamo Corporation (SLVM) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSPI and SLVM?
On 3 years of weekly data the CSPI/SLVM correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.35 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 976.7 %².
Few assets follow CSPI as closely as SLVM, which ranks #3 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with SLVM ahead by 21.6 points (-37.1% versus -15.5%). Note the risk asymmetry: CSPI runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CSPI vs SLVM: side by side
| CSPI (CSP Inc.) | SLVM (Sylvamo Corporation) | |
|---|---|---|
| 1-year return | -37.1% | -15.5% |
| 5-year return | +76.7% | +65.7% |
| Volatility (ann.) | 74.2% | 38.0% |
| Beta vs S&P 500 | 1.67 | 0.92 |
| Max drawdown (3Y) | -73.4% | -60.6% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | – | 19.6 |
| Dividend yield | 1.52% | 4.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSPI | SLVM |
|---|---|---|
| 2022 | +8.0% | +75.3% |
| 2023 | +108.9% | +4.2% |
| 2024 | +66.1% | +64.7% |
| 2025 | -21.6% | -37.1% |
| 2026 | -36.5% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSPI and SLVM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CSPI and SLVM?
The CSPI/SLVM correlation stands at 0.35 on a 3-year window (1 year: 0.17, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is SLVM a good diversifier for CSPI?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/cspi-vs-slvm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cspi-vs-slvm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSPI correlations · SLVM correlations
