CTVA vs DE: Correlation
How closely do Corteva (CTVA) and Deere & Company (DE) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and DE?
Across a 3-year window, the weekly returns of CTVA and DE correlate at 0.49, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.49). Stretching to 5 years gives 0.49, with an annualized covariance of 348.6 %².
Within CTVA's tracked universe of 34 assets, DE comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DE ahead by 17.0 points (+10.9% versus +27.9%). This link changes with the market regime, having swung between 0.21 and 0.73 on a rolling one-year basis.
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.
CTVA vs DE: side by side
| CTVA (Corteva) | DE (Deere & Company) | |
|---|---|---|
| 1-year return | +10.9% | +27.9% |
| 5-year return | +98.2% | +74.5% |
| Volatility (ann.) | 26.8% | 26.7% |
| Beta vs S&P 500 | 0.43 | 0.65 |
| Max drawdown (3Y) | -20.7% | -19.9% |
| Market cap | $55.0B | $168.1B |
| P/E (trailing) | 50.2 | 35.2 |
| Dividend yield | 0.87% | 1.02% |
| Sector / category | Materials | Industrials |
Year-by-year returns
| Year | CTVA | DE |
|---|---|---|
| 2022 | +25.6% | +26.6% |
| 2023 | -17.5% | -5.5% |
| 2024 | +20.2% | +7.6% |
| 2025 | +18.9% | +11.4% |
| 2026 | +23.5% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and DE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTVA and DE?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.33 over the last year and 0.49 over 5 years.
Is DE a good diversifier for CTVA?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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
$ curl https://www.pairbook.io/api/v1/pairs/ctva-vs-de.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctva-vs-de/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTVA correlations · DE correlations
