CVEO vs SITC: Correlation
Measured on weekly returns over the past three years, Civeo Corporation (Canada) (CVEO) and SITE Centers Corp. (SITC) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVEO and SITC?
Across a 3-year window, the weekly returns of CVEO and SITC correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 311.2 %².
Within CVEO's tracked universe of 11 assets, SITC comes in at #4 by 3-year correlation. The last year tells two different stories: CVEO led by 85.6 percentage points, +42.4% for CVEO against -43.2% for SITC.
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.
CVEO vs SITC: side by side
| CVEO (Civeo Corporation (Canada)) | SITC (SITE Centers Corp.) | |
|---|---|---|
| 1-year return | +42.4% | -43.2% |
| 5-year return | +69.2% | -37.3% |
| Volatility (ann.) | 35.1% | 24.9% |
| Beta vs S&P 500 | 0.16 | 0.73 |
| Max drawdown (3Y) | -33.2% | -59.0% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVEO | SITC |
|---|---|---|
| 2022 | +62.2% | -2.2% |
| 2023 | -24.8% | +19.2% |
| 2024 | +3.6% | +0.2% |
| 2025 | +1.6% | -15.1% |
| 2026 | +47.6% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVEO and SITC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CVEO and SITC?
As of 2026-08-27, the correlation of weekly returns between CVEO and SITC is 0.36 over 3 years, 0.41 over 1 year and 0.33 over 5 years.
Is SITC a good diversifier for CVEO?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/cveo-vs-sitc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cveo-vs-sitc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVEO correlations · SITC correlations
