CVV vs PODD: Correlation
Measured on weekly returns over the past three years, CVD Equipment Corporation (CVV) and Insulet Corporation (PODD) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVV and PODD?
Over the past 3 years, CVV and PODD moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -670.3 %².
PODD is close to the least connected end of CVV's tracked universe, ranking #11 of 14. Correlation aside, the last 12 months split them widely, with CVV ahead by 211.2 points (+154.1% versus -57.1%). Risk is not evenly split, since CVV carries 2.0 times the volatility of the other side.
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 PODD: side by side
| CVV (CVD Equipment Corporation) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | +154.1% | -57.1% |
| 5-year return | +58.5% | -51.6% |
| Volatility (ann.) | 78.8% | 38.9% |
| Beta vs S&P 500 | 0.89 | 0.67 |
| Max drawdown (3Y) | -67.7% | -62.2% |
| Market cap | $0.1B | $9.9B |
| P/E (trailing) | – | 26.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CVV | PODD |
|---|---|---|
| 2022 | +33.4% | +10.6% |
| 2023 | -19.6% | -26.3% |
| 2024 | -0.7% | +20.3% |
| 2025 | -29.8% | +8.9% |
| 2026 | +138.5% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and PODD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVV and PODD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.22 over the last year and -0.01 over 5 years.
Is PODD a good diversifier for CVV?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvv-vs-podd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVV correlations · PODD correlations
