CVR vs TUSK: Correlation
Chicago Rivet & Machine Co. (CVR) and Mammoth Energy Services, Inc. (TUSK) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and TUSK?
Across a 3-year window, the weekly returns of CVR and TUSK correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.22). Stretching to 5 years gives -0.08, with an annualized covariance of -696.9 %².
Out of 11 assets tracked against CVR, TUSK lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months TUSK outperformed by 34.2 percentage points (+1.0% for CVR against +35.2% for TUSK).
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 TUSK: side by side
| CVR (Chicago Rivet & Machine Co.) | TUSK (Mammoth Energy Services, Inc.) | |
|---|---|---|
| 1-year return | +1.0% | +35.2% |
| 5-year return | -56.4% | -7.4% |
| Volatility (ann.) | 50.8% | 61.8% |
| Beta vs S&P 500 | 0.97 | 0.49 |
| Max drawdown (3Y) | -58.1% | -66.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVR | TUSK |
|---|---|---|
| 2022 | +12.5% | +375.3% |
| 2023 | -39.0% | -48.4% |
| 2024 | -4.8% | -32.7% |
| 2025 | -11.3% | -38.3% |
| 2026 | -27.2% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and TUSK good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CVR and TUSK?
As of 2026-08-27, the correlation of weekly returns between CVR and TUSK is -0.22 over 3 years, -0.49 over 1 year and -0.08 over 5 years.
Is TUSK a good diversifier for CVR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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
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Related comparisons
Hubs: CVR correlations · TUSK correlations
