CTVA vs RCON: Correlation
Corteva (CTVA) and Recon Technology, Ltd. - Class A (RCON) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and RCON?
Across a 3-year window, the weekly returns of CTVA and RCON correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.16, with an annualized covariance of -79249.5 %².
Out of 34 assets tracked against CTVA, RCON lands near the bottom at #30. Their recent paths diverged sharply: over the last 12 months CTVA outperformed by 33.5 percentage points (+10.9% for CTVA against -22.6% for RCON). Note the risk asymmetry: RCON runs 512.3 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 RCON: side by side
| CTVA (Corteva) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +10.9% | -22.6% |
| 5-year return | +98.2% | -97.1% |
| Volatility (ann.) | 26.8% | 13728.9% |
| Beta vs S&P 500 | 0.43 | 22.04 |
| 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 | RCON |
|---|---|---|
| 2022 | +25.6% | -3.8% |
| 2023 | -17.5% | -81.7% |
| 2024 | +20.2% | -49.5% |
| 2025 | +18.9% | -24.4% |
| 2026 | +23.5% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and RCON good diversifiers for each other?
Yes. With a correlation of -0.22, CTVA and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTVA and RCON?
As of 2026-08-27, the correlation of weekly returns between CTVA and RCON is -0.22 over 3 years, -0.41 over 1 year and -0.16 over 5 years.
Is RCON a good diversifier for CTVA?
Yes. With a correlation of -0.22, CTVA and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/ctva-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctva-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTVA correlations · RCON correlations
