CVV vs MXL: Correlation
How closely do CVD Equipment Corporation (CVV) and MaxLinear, Inc (MXL) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVV and MXL?
Across a 3-year window, the weekly returns of CVV and MXL correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 3371.0 %².
In CVV's tracked universe of 14 assets, MXL sits right near the top at #1. The last year tells two different stories: MXL led by 124.8 percentage points, +154.1% for CVV against +278.9% for MXL.
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 MXL: side by side
| CVV (CVD Equipment Corporation) | MXL (MaxLinear, Inc) | |
|---|---|---|
| 1-year return | +154.1% | +278.9% |
| 5-year return | +58.5% | +19.8% |
| Volatility (ann.) | 78.8% | 105.2% |
| Beta vs S&P 500 | 0.89 | 2.50 |
| Max drawdown (3Y) | -67.7% | -63.9% |
| Market cap | $0.1B | $5.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVV | MXL |
|---|---|---|
| 2022 | +33.4% | -55.0% |
| 2023 | -19.6% | -30.0% |
| 2024 | -0.7% | -16.8% |
| 2025 | -29.8% | -11.9% |
| 2026 | +138.5% | +263.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and MXL good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CVV and MXL?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.46 over the last year and 0.29 over 5 years.
Is MXL a good diversifier for CVV?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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-mxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvv-vs-mxl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVV correlations · MXL correlations
