CVS vs ODYS: Correlation
How closely do CVS Health (CVS) and Odysight.ai Inc. (ODYS) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVS and ODYS?
On 3 years of weekly data the CVS/ODYS correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.24). The 5-year figure is -0.20, and annualized covariance runs at -698.8 %².
ODYS is close to the least connected end of CVS's tracked universe, ranking #31 of 32. Their recent paths diverged sharply: over the last 12 months CVS outperformed by 33.6 percentage points (+33.3% for CVS against -0.3% for ODYS). One caveat on sizing: ODYS is 2.5 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.
CVS vs ODYS: side by side
| CVS (CVS Health) | ODYS (Odysight.ai Inc.) | |
|---|---|---|
| 1-year return | +33.3% | -0.3% |
| 5-year return | +29.6% | -63.1% |
| Volatility (ann.) | 34.4% | 85.6% |
| Beta vs S&P 500 | 0.40 | 0.24 |
| Max drawdown (3Y) | -44.0% | -71.9% |
| Market cap | $118.8B | $0.1B |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CVS | ODYS |
|---|---|---|
| 2022 | -7.6% | -37.5% |
| 2023 | -12.5% | -39.0% |
| 2024 | -40.8% | +162.3% |
| 2025 | +84.3% | -58.8% |
| 2026 | +19.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVS and ODYS good diversifiers for each other?
Yes. With a correlation of -0.24, CVS and ODYS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVS and ODYS?
The CVS/ODYS correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is ODYS a good diversifier for CVS?
Yes. With a correlation of -0.24, CVS and ODYS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/cvs-vs-odys.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvs-vs-odys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVS correlations · ODYS correlations
