CVRX vs EGO: Correlation
CVRx, Inc. (CVRX) and Eldorado Gold Corporation (EGO) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVRX and EGO?
Over the past 3 years, CVRX and EGO moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -1259.2 %².
EGO is close to the least connected end of CVRX's tracked universe, ranking #14 of 18. Correlation aside, the last 12 months split them widely, with EGO ahead by 158.4 points (-59.8% versus +98.6%). Risk is not evenly split, since CVRX carries 2.0 times the volatility of the other side.
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.
CVRX vs EGO: side by side
| CVRX (CVRx, Inc.) | EGO (Eldorado Gold Corporation) | |
|---|---|---|
| 1-year return | -59.8% | +98.6% |
| 5-year return | -84.4% | +463.3% |
| Volatility (ann.) | 101.8% | 50.3% |
| Beta vs S&P 500 | 0.65 | 0.73 |
| Max drawdown (3Y) | -92.8% | -44.0% |
| Market cap | $0.1B | $12.5B |
| P/E (trailing) | – | 16.7 |
| Dividend yield | 0.00% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVRX | EGO |
|---|---|---|
| 2022 | +50.0% | -10.6% |
| 2023 | +71.3% | +55.1% |
| 2024 | -59.7% | +14.6% |
| 2025 | -44.0% | +141.6% |
| 2026 | -57.2% | +34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVRX and EGO good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CVRX and EGO?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.26 over the last year and -0.10 over 5 years.
Is EGO a good diversifier for CVRX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
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Related comparisons
Hubs: CVRX correlations · EGO correlations
