CVSA vs SFM: Correlation
Covista Inc. (CVSA) and Sprouts Farmers Market, Inc. (SFM) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVSA and SFM?
Over the past 3 years, CVSA and SFM moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 691.4 %².
Among the 16 assets we track against CVSA, SFM ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CVSA ahead by 48.5 points (+4.5% versus -44.0%).
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 SFM: side by side
| CVSA (Covista Inc.) | SFM (Sprouts Farmers Market, Inc.) | |
|---|---|---|
| 1-year return | +4.5% | -44.0% |
| 5-year return | +282.8% | +228.8% |
| Volatility (ann.) | 46.4% | 39.2% |
| Beta vs S&P 500 | 0.67 | 0.38 |
| Max drawdown (3Y) | -42.1% | -63.5% |
| Market cap | $4.8B | $7.6B |
| P/E (trailing) | 18.4 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVSA | SFM |
|---|---|---|
| 2022 | +20.1% | +9.1% |
| 2023 | +66.1% | +48.6% |
| 2024 | +54.1% | +164.1% |
| 2025 | +13.9% | -37.3% |
| 2026 | +36.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVSA and SFM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVSA and SFM?
The CVSA/SFM correlation stands at 0.38 on a 3-year window (1 year: 0.48, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is SFM a good diversifier for CVSA?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: CVSA correlations · SFM correlations
