CVV vs VLN: Correlation
How closely do CVD Equipment Corporation (CVV) and Valens Semiconductor Ltd. (VLN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVV and VLN?
On 3 years of weekly data the CVV/VLN correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 2459.3 %².
In CVV's tracked universe of 14 assets, VLN sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CVV outperformed by 161.5 percentage points (+154.1% for CVV against -7.4% for VLN).
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 VLN: side by side
| CVV (CVD Equipment Corporation) | VLN (Valens Semiconductor Ltd.) | |
|---|---|---|
| 1-year return | +154.1% | -7.4% |
| 5-year return | +58.5% | -74.7% |
| Volatility (ann.) | 78.8% | 79.0% |
| Beta vs S&P 500 | 0.89 | 2.08 |
| Max drawdown (3Y) | -67.7% | -67.9% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVV | VLN |
|---|---|---|
| 2022 | +33.4% | -30.3% |
| 2023 | -19.6% | -54.4% |
| 2024 | -0.7% | +6.1% |
| 2025 | -29.8% | -45.4% |
| 2026 | +138.5% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and VLN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CVV and VLN?
As of 2026-08-27, the correlation of weekly returns between CVV and VLN is 0.40 over 3 years, 0.49 over 1 year and 0.27 over 5 years.
Is VLN a good diversifier for CVV?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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-vln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvv-vs-vln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVV correlations · VLN correlations
