CTVA vs IPW: Correlation
Corteva (CTVA) and iPower Inc. (IPW) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and IPW?
Over the past 3 years, CTVA and IPW moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.24). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -2560.4 %².
IPW is close to the least connected end of CTVA's tracked universe, ranking #33 of 34. The last year tells two different stories: CTVA led by 109.5 percentage points, +10.9% for CTVA against -98.6% for IPW. One caveat on sizing: IPW is 15.1 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.
CTVA vs IPW: side by side
| CTVA (Corteva) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | +10.9% | -98.6% |
| 5-year return | +98.2% | -99.8% |
| Volatility (ann.) | 26.8% | 405.9% |
| Beta vs S&P 500 | 0.43 | 2.99 |
| Max drawdown (3Y) | -20.7% | -100.0% |
| Market cap | $55.0B | – |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CTVA | IPW |
|---|---|---|
| 2022 | +25.6% | -83.2% |
| 2023 | -17.5% | +12.5% |
| 2024 | +20.2% | +85.1% |
| 2025 | +18.9% | -70.1% |
| 2026 | +23.5% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and IPW good diversifiers for each other?
Yes. With a correlation of -0.24, CTVA and IPW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTVA and IPW?
As of 2026-08-27, the correlation of weekly returns between CTVA and IPW is -0.24 over 3 years, -0.52 over 1 year and -0.14 over 5 years.
Is IPW a good diversifier for CTVA?
Yes. With a correlation of -0.24, CTVA and IPW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-ipw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctva-vs-ipw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTVA correlations · IPW correlations
