CVX vs IVF: Correlation
How closely do Chevron Corporation (CVX) and INVO Fertility, Inc. (IVF) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVX and IVF?
Over the past 3 years, CVX and IVF moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.25). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -910.2 %².
IVF is close to the least connected end of CVX's tracked universe, ranking #28 of 29. The last year tells two different stories: CVX led by 127.9 percentage points, +30.4% for CVX against -97.5% for IVF. Risk is not evenly split, since IVF carries 6.3 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.
CVX vs IVF: side by side
| CVX (Chevron Corporation) | IVF (INVO Fertility, Inc.) | |
|---|---|---|
| 1-year return | +30.4% | -97.5% |
| 5-year return | +148.1% | -100.0% |
| Volatility (ann.) | 23.8% | 150.4% |
| Beta vs S&P 500 | 0.22 | -0.55 |
| Max drawdown (3Y) | -20.8% | -100.0% |
| Market cap | $391.9B | – |
| P/E (trailing) | 19.3 | 0.0 |
| Dividend yield | 3.49% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | CVX | IVF |
|---|---|---|
| 2022 | +58.5% | -87.3% |
| 2023 | -13.6% | -84.1% |
| 2024 | +1.3% | -40.0% |
| 2025 | +10.1% | -99.7% |
| 2026 | +34.7% | -72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVX and IVF good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVX and IVF?
The CVX/IVF correlation stands at -0.25 on a 3-year window (1 year: -0.07, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is IVF a good diversifier for CVX?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/cvx-vs-ivf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvx-vs-ivf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVX correlations · IVF correlations
