CVSA vs PUMP: Correlation
Measured on weekly returns over the past three years, Covista Inc. (CVSA) and ProPetro Holding Corp. (PUMP) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVSA and PUMP?
Across a 3-year window, the weekly returns of CVSA and PUMP correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.58) than the 3-year average (-0.28). Stretching to 5 years gives -0.13, with an annualized covariance of -845.1 %².
Among the 16 assets we track against CVSA, PUMP sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months PUMP outperformed by 123.7 percentage points (+4.5% for CVSA against +128.2% for PUMP).
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 PUMP: side by side
| CVSA (Covista Inc.) | PUMP (ProPetro Holding Corp.) | |
|---|---|---|
| 1-year return | +4.5% | +128.2% |
| 5-year return | +282.8% | +45.4% |
| Volatility (ann.) | 46.4% | 65.1% |
| Beta vs S&P 500 | 0.67 | 0.73 |
| Max drawdown (3Y) | -42.1% | -59.1% |
| Market cap | $4.8B | $1.4B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVSA | PUMP |
|---|---|---|
| 2022 | +20.1% | +28.0% |
| 2023 | +66.1% | -19.2% |
| 2024 | +54.1% | +11.3% |
| 2025 | +13.9% | +1.9% |
| 2026 | +36.0% | +17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVSA and PUMP good diversifiers for each other?
Yes. With a correlation of -0.28, CVSA and PUMP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVSA and PUMP?
As of 2026-08-27, the correlation of weekly returns between CVSA and PUMP is -0.28 over 3 years, -0.58 over 1 year and -0.13 over 5 years.
Is PUMP a good diversifier for CVSA?
Yes. With a correlation of -0.28, CVSA and PUMP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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: CVSA correlations · PUMP correlations
