CVSA vs FISV: Correlation
How closely do Covista Inc. (CVSA) and Fiserv (FISV) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVSA and FISV?
Over the past 3 years, CVSA and FISV moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.46 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 828.8 %².
Within CVSA's tracked universe of 16 assets, FISV comes in at #7 by 3-year correlation. The last year tells two different stories: CVSA led by 66.4 percentage points, +4.5% for CVSA against -61.9% for FISV.
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.
CVSA vs FISV: side by side
| CVSA (Covista Inc.) | FISV (Fiserv) | |
|---|---|---|
| 1-year return | +4.5% | -61.9% |
| 5-year return | +282.8% | -55.0% |
| Volatility (ann.) | 46.4% | 39.2% |
| Beta vs S&P 500 | 0.67 | 0.58 |
| Max drawdown (3Y) | -42.1% | -80.2% |
| Market cap | $4.8B | $28.0B |
| P/E (trailing) | 18.4 | 10.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CVSA | FISV |
|---|---|---|
| 2022 | +20.1% | -2.6% |
| 2023 | +66.1% | +31.4% |
| 2024 | +54.1% | +54.6% |
| 2025 | +13.9% | -67.3% |
| 2026 | +36.0% | -21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVSA and FISV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVSA and FISV?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.58 over the last year and 0.40 over 5 years.
Is FISV a good diversifier for CVSA?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/cvsa-vs-fisv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvsa-vs-fisv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVSA correlations · FISV correlations
