CVI vs GLUE: Correlation
How closely do CVR Energy Inc. (CVI) and Monte Rosa Therapeutics, Inc. (GLUE) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVI and GLUE?
Over the past 3 years, CVI and GLUE moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -1101.9 %².
Among the 12 assets we track against CVI, GLUE sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months GLUE outperformed by 171.3 percentage points (+35.3% for CVI against +206.6% for GLUE). Note the risk asymmetry: GLUE runs 2.0 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.
CVI vs GLUE: side by side
| CVI (CVR Energy Inc.) | GLUE (Monte Rosa Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +35.3% | +206.6% |
| 5-year return | +297.3% | -61.7% |
| Volatility (ann.) | 51.8% | 104.5% |
| Beta vs S&P 500 | 0.71 | 1.91 |
| Max drawdown (3Y) | -56.2% | -64.3% |
| Market cap | $4.0B | $1.2B |
| P/E (trailing) | 58.5 | – |
| Dividend yield | 1.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVI | GLUE |
|---|---|---|
| 2022 | +115.4% | -62.7% |
| 2023 | +11.5% | -25.8% |
| 2024 | -34.9% | +22.8% |
| 2025 | +35.8% | +125.9% |
| 2026 | +57.3% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVI and GLUE good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVI and GLUE?
As of 2026-08-27, the correlation of weekly returns between CVI and GLUE is -0.20 over 3 years, -0.19 over 1 year and -0.10 over 5 years.
Is GLUE a good diversifier for CVI?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CVI correlations · GLUE correlations
