CVRX vs HYFM: Correlation
CVRx, Inc. (CVRX) and Hydrofarm Holdings Group, Inc. (HYFM) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVRX and HYFM?
Across a 3-year window, the weekly returns of CVRX and HYFM correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.29). Stretching to 5 years gives -0.16, with an annualized covariance of -4309.8 %².
Among the 18 assets we track against CVRX, HYFM sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months CVRX outperformed by 20.7 percentage points (-59.8% for CVRX against -80.5% for HYFM).
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 HYFM: side by side
| CVRX (CVRx, Inc.) | HYFM (Hydrofarm Holdings Group, Inc.) | |
|---|---|---|
| 1-year return | -59.8% | -80.5% |
| 5-year return | -84.4% | -99.8% |
| Volatility (ann.) | 101.8% | 148.0% |
| Beta vs S&P 500 | 0.65 | 2.71 |
| Max drawdown (3Y) | -92.8% | -96.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVRX | HYFM |
|---|---|---|
| 2022 | +50.0% | -94.5% |
| 2023 | +71.3% | -40.8% |
| 2024 | -59.7% | -36.8% |
| 2025 | -44.0% | -74.0% |
| 2026 | -57.2% | -41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVRX and HYFM good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVRX and HYFM?
The CVRX/HYFM correlation stands at -0.29 on a 3-year window (1 year: -0.41, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is HYFM a good diversifier for CVRX?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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/cvrx-vs-hyfm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvrx-vs-hyfm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVRX correlations · HYFM correlations
