CVSA vs LOPE: Correlation
Measured on weekly returns over the past three years, Covista Inc. (CVSA) and Grand Canyon Education, Inc. (LOPE) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVSA and LOPE?
On 3 years of weekly data the CVSA/LOPE correlation comes out at 0.64, strong. Lately the two have moved closer together, with the 1-year correlation at 0.78 versus 0.64 over 3 years. The 5-year figure is 0.53, and annualized covariance runs at 950.9 %².
LOPE is one of the assets that tracks CVSA most closely: it ranks #1 out of the 16 assets we track against CVSA. Correlation aside, the last 12 months split them widely, with CVSA ahead by 30.7 points (+4.5% versus -26.2%).
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 LOPE: side by side
| CVSA (Covista Inc.) | LOPE (Grand Canyon Education, Inc.) | |
|---|---|---|
| 1-year return | +4.5% | -26.2% |
| 5-year return | +282.8% | +69.3% |
| Volatility (ann.) | 46.4% | 32.2% |
| Beta vs S&P 500 | 0.67 | 0.86 |
| Max drawdown (3Y) | -42.1% | -38.0% |
| Market cap | $4.8B | $3.9B |
| P/E (trailing) | 18.4 | 18.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVSA | LOPE |
|---|---|---|
| 2022 | +20.1% | +23.3% |
| 2023 | +66.1% | +25.0% |
| 2024 | +54.1% | +24.1% |
| 2025 | +13.9% | +1.5% |
| 2026 | +36.0% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVSA and LOPE good diversifiers for each other?
Only partially. A correlation of 0.64 means CVSA and LOPE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CVSA and LOPE?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.78 over the last year and 0.53 over 5 years.
Is LOPE a good diversifier for CVSA?
Only partially. A correlation of 0.64 means CVSA and LOPE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/cvsa-vs-lope.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvsa-vs-lope/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVSA correlations · LOPE correlations
