CVEO vs SKT: Correlation
Measured on weekly returns over the past three years, Civeo Corporation (Canada) (CVEO) and Tanger Inc. (SKT) 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 SKT?
Over the past 3 years, CVEO and SKT moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 295.2 %².
Within CVEO's tracked universe of 11 assets, SKT comes in at #5 by 3-year correlation. The last year tells two different stories: CVEO led by 27.5 percentage points, +42.4% for CVEO against +14.9% for SKT.
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 SKT: side by side
| CVEO (Civeo Corporation (Canada)) | SKT (Tanger Inc.) | |
|---|---|---|
| 1-year return | +42.4% | +14.9% |
| 5-year return | +69.2% | +178.9% |
| Volatility (ann.) | 35.1% | 23.6% |
| Beta vs S&P 500 | 0.16 | 0.60 |
| Max drawdown (3Y) | -33.2% | -21.0% |
| Market cap | $0.3B | $4.5B |
| P/E (trailing) | – | 34.6 |
| Dividend yield | 0.00% | 3.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVEO | SKT |
|---|---|---|
| 2022 | +62.2% | -2.3% |
| 2023 | -24.8% | +62.1% |
| 2024 | +3.6% | +27.7% |
| 2025 | +1.6% | +1.4% |
| 2026 | +47.6% | +15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVEO and SKT 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 SKT?
The CVEO/SKT correlation stands at 0.36 on a 3-year window (1 year: 0.40, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is SKT 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?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cveo-vs-skt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cveo-vs-skt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVEO correlations · SKT correlations
