CVV vs ENSG: Correlation
How closely do CVD Equipment Corporation (CVV) and The Ensign Group, Inc. (ENSG) 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 CVV and ENSG?
On 3 years of weekly data the CVV/ENSG correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -458.3 %².
Out of 14 assets tracked against CVV, ENSG lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with CVV ahead by 153.2 points (+154.1% versus +0.9%). Note the risk asymmetry: CVV runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CVV vs ENSG: side by side
| CVV (CVD Equipment Corporation) | ENSG (The Ensign Group, Inc.) | |
|---|---|---|
| 1-year return | +154.1% | +0.9% |
| 5-year return | +58.5% | +115.6% |
| Volatility (ann.) | 78.8% | 23.8% |
| Beta vs S&P 500 | 0.89 | 0.22 |
| Max drawdown (3Y) | -67.7% | -31.8% |
| Market cap | $0.1B | $10.1B |
| P/E (trailing) | – | 28.4 |
| Dividend yield | 0.00% | 0.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVV | ENSG |
|---|---|---|
| 2022 | +33.4% | +13.0% |
| 2023 | -19.6% | +18.9% |
| 2024 | -0.7% | +18.6% |
| 2025 | -29.8% | +31.3% |
| 2026 | +138.5% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and ENSG good diversifiers for each other?
Yes. With a correlation of -0.24, CVV and ENSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVV and ENSG?
As of 2026-08-27, the correlation of weekly returns between CVV and ENSG is -0.24 over 3 years, -0.27 over 1 year and -0.10 over 5 years.
Is ENSG a good diversifier for CVV?
Yes. With a correlation of -0.24, CVV and ENSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvv-vs-ensg.json
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[](https://www.pairbook.io/pair/cvv-vs-ensg/)
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Related comparisons
Hubs: CVV correlations · ENSG correlations
