CWCO vs VIVO: Correlation
Consolidated Water Co. Ltd. (CWCO) and VivoPower PLC - Class A (VIVO) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWCO and VIVO?
On 3 years of weekly data the CWCO/VIVO correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.25 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -1987.6 %².
Out of 12 assets tracked against CWCO, VIVO lands near the bottom at #10. The last year tells two different stories: CWCO led by 15.5 percentage points, -8.3% for CWCO against -23.8% for VIVO. One caveat on sizing: VIVO is 8.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CWCO vs VIVO: side by side
| CWCO (Consolidated Water Co. Ltd.) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | -8.3% | -23.8% |
| 5-year return | +171.8% | -92.6% |
| Volatility (ann.) | 30.8% | 256.4% |
| Beta vs S&P 500 | 0.65 | 0.31 |
| Max drawdown (3Y) | -38.2% | -89.9% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 29.5 | – |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWCO | VIVO |
|---|---|---|
| 2022 | +42.6% | -91.9% |
| 2023 | +144.2% | -21.5% |
| 2024 | -26.5% | -31.1% |
| 2025 | +38.7% | +70.3% |
| 2026 | -13.6% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWCO and VIVO 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 CWCO and VIVO?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.08 over the last year and -0.12 over 5 years.
Is VIVO a good diversifier for CWCO?
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?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cwco-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwco-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CWCO correlations · VIVO correlations
