CVR vs WRBY: Correlation
How closely do Chicago Rivet & Machine Co. (CVR) and Warby Parker Inc. (WRBY) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and WRBY?
Over the past 3 years, CVR and WRBY moved with a correlation of 0.33, which is moderate. The past 12 months show a tighter link (0.47) than the 3-year average (0.33). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 1028.8 %².
Among the 11 assets we track against CVR, WRBY ranks #5 by 3-year correlation. The trailing year gives CVR the advantage: +1.0% versus -4.7%, a 5.7-point spread.
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 WRBY: side by side
| CVR (Chicago Rivet & Machine Co.) | WRBY (Warby Parker Inc.) | |
|---|---|---|
| 1-year return | +1.0% | -4.7% |
| 5-year return | -56.4% | -53.6% |
| Volatility (ann.) | 50.8% | 62.2% |
| Beta vs S&P 500 | 0.97 | 1.49 |
| Max drawdown (3Y) | -58.1% | -50.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 421.2 |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVR | WRBY |
|---|---|---|
| 2022 | +12.5% | -71.0% |
| 2023 | -39.0% | +4.5% |
| 2024 | -4.8% | +71.7% |
| 2025 | -11.3% | -10.0% |
| 2026 | -27.2% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and WRBY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVR and WRBY?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.47 over the last year and 0.24 over 5 years.
Is WRBY a good diversifier for CVR?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/cvr-vs-wrby.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvr-vs-wrby/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVR correlations · WRBY correlations
