CVU vs RENX: Correlation
How closely do CPI Aerostructures, Inc. (CVU) and RenX Enterprises Corp. (RENX) 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 CVU and RENX?
Across a 3-year window, the weekly returns of CVU and RENX correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.24). Stretching to 5 years gives n/a, with an annualized covariance of -4391.2 %².
Out of 11 assets tracked against CVU, RENX lands near the bottom at #10. The last year tells two different stories: CVU led by 210.8 percentage points, +119.8% for CVU against -91.0% for RENX. One caveat on sizing: RENX is 5.8 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.
CVU vs RENX: side by side
| CVU (CPI Aerostructures, Inc.) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +119.8% | -91.0% |
| 5-year return | +71.7% | n/a |
| Volatility (ann.) | 55.3% | 322.0% |
| Beta vs S&P 500 | 0.70 | 1.58 |
| Max drawdown (3Y) | -63.8% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVU | RENX |
|---|---|---|
| 2022 | +17.2% | – |
| 2023 | -14.7% | – |
| 2024 | +48.4% | -90.5% |
| 2025 | -2.2% | -92.5% |
| 2026 | +34.8% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVU and RENX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVU and RENX?
As of 2026-08-27, the correlation of weekly returns between CVU and RENX is -0.24 over 3 years, -0.12 over 1 year and n/a over 5 years.
Is RENX a good diversifier for CVU?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
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/cvu-vs-renx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvu-vs-renx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVU correlations · RENX correlations
