CTAS vs SVCO: Correlation
Cintas (CTAS) and Silvaco Group, Inc. (SVCO) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTAS and SVCO?
Across a 3-year window, the weekly returns of CTAS and SVCO correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -404.7 %².
Within CTAS's tracked universe of 38 assets, SVCO comes in at #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SVCO ahead by 50.5 points (-3.3% versus +47.2%). Risk is not evenly split, since SVCO carries 3.5 times the volatility of the other side.
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.
CTAS vs SVCO: side by side
| CTAS (Cintas) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | -3.3% | +47.2% |
| 5-year return | +117.4% | n/a |
| Volatility (ann.) | 23.2% | 80.2% |
| Beta vs S&P 500 | 0.71 | 1.47 |
| Max drawdown (3Y) | -27.7% | -83.8% |
| Market cap | $81.7B | $0.2B |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CTAS | SVCO |
|---|---|---|
| 2022 | +3.0% | – |
| 2023 | +34.8% | – |
| 2024 | +22.2% | – |
| 2025 | +3.8% | -49.9% |
| 2026 | +9.4% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTAS and SVCO good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTAS and SVCO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.43 over the last year and n/a over 5 years.
Is SVCO a good diversifier for CTAS?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctas-vs-svco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctas-vs-svco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTAS correlations · SVCO correlations
