CTVA vs FMC: Correlation
Measured on weekly returns over the past three years, Corteva (CTVA) and FMC Corporation (FMC) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and FMC?
Over the past 3 years, CTVA and FMC moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 711.4 %².
Among the 34 assets we track against CTVA, FMC ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CTVA outperformed by 83.1 percentage points (+10.9% for CTVA against -72.2% for FMC). Note the risk asymmetry: FMC runs 2.1 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.
CTVA vs FMC: side by side
| CTVA (Corteva) | FMC (FMC Corporation) | |
|---|---|---|
| 1-year return | +10.9% | -72.2% |
| 5-year return | +98.2% | -86.6% |
| Volatility (ann.) | 26.8% | 56.2% |
| Beta vs S&P 500 | 0.43 | 0.82 |
| Max drawdown (3Y) | -20.7% | -87.3% |
| Market cap | $55.0B | $1.3B |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.87% | 7.40% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CTVA | FMC |
|---|---|---|
| 2022 | +25.6% | +15.7% |
| 2023 | -17.5% | -48.0% |
| 2024 | +20.2% | -19.7% |
| 2025 | +18.9% | -70.0% |
| 2026 | +23.5% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and FMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTVA and FMC?
The CTVA/FMC correlation stands at 0.47 on a 3-year window (1 year: 0.46, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is FMC a good diversifier for CTVA?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/ctva-vs-fmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctva-vs-fmc/)
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Related comparisons
Hubs: CTVA correlations · FMC correlations
