CTVA vs SEGG: Correlation
Measured on weekly returns over the past three years, Corteva (CTVA) and Sports Entertainment Gaming Global Corporation (SEGG) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and SEGG?
Across a 3-year window, the weekly returns of CTVA and SEGG correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.21 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2231.5 %².
Within CTVA's tracked universe of 34 assets, SEGG comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTVA ahead by 67.7 points (+10.9% versus -56.8%). Risk is not evenly split, since SEGG carries 14.5 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.
CTVA vs SEGG: side by side
| CTVA (Corteva) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | +10.9% | -56.8% |
| 5-year return | +98.2% | n/a |
| Volatility (ann.) | 26.8% | 389.2% |
| Beta vs S&P 500 | 0.43 | 0.24 |
| Max drawdown (3Y) | -20.7% | -98.9% |
| 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 | SEGG |
|---|---|---|
| 2022 | +25.6% | – |
| 2023 | -17.5% | – |
| 2024 | +20.2% | -82.1% |
| 2025 | +18.9% | -84.9% |
| 2026 | +23.5% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and SEGG good diversifiers for each other?
Yes. With a correlation of -0.21, CTVA and SEGG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTVA and SEGG?
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 SEGG a good diversifier for CTVA?
Yes. With a correlation of -0.21, CTVA and SEGG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/ctva-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctva-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTVA correlations · SEGG correlations
