CVR vs TRLV: Correlation
Chicago Rivet & Machine Co. (CVR) and Trulieve Cannabis Corp. Subordinate Voting Shares (TRLV) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and TRLV?
Over the past 3 years, CVR and TRLV moved with a correlation of 0.33, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.33). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1490.4 %².
Within CVR's tracked universe of 11 assets, TRLV comes in at #4 by 3-year correlation. The last year tells two different stories: TRLV led by 21.7 percentage points, +1.0% for CVR against +22.7% for TRLV. One caveat on sizing: TRLV is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CVR vs TRLV: side by side
| CVR (Chicago Rivet & Machine Co.) | TRLV (Trulieve Cannabis Corp. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +1.0% | +22.7% |
| 5-year return | -56.4% | -59.1% |
| Volatility (ann.) | 50.8% | 89.9% |
| Beta vs S&P 500 | 0.97 | 1.02 |
| Max drawdown (3Y) | -58.1% | -77.5% |
| Market cap | – | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVR | TRLV |
|---|---|---|
| 2022 | +12.5% | -70.9% |
| 2023 | -39.0% | -31.2% |
| 2024 | -4.8% | -0.5% |
| 2025 | -11.3% | +67.6% |
| 2026 | -27.2% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and TRLV good diversifiers for each other?
Reasonably. At 0.33, CVR and TRLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVR and TRLV?
As of 2026-08-27, the correlation of weekly returns between CVR and TRLV is 0.33 over 3 years, 0.61 over 1 year and 0.30 over 5 years.
Is TRLV a good diversifier for CVR?
Reasonably. At 0.33, CVR and TRLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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/cvr-vs-trlv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvr-vs-trlv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVR correlations · TRLV correlations
