CWH vs DRVN: Correlation
Camping World Holdings, Inc. (CWH) and Driven Brands Holdings Inc. (DRVN) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWH and DRVN?
Over the past 3 years, CWH and DRVN moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1398.2 %².
Among the 28 assets we track against CWH, DRVN ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DRVN ahead by 31.8 points (-63.0% versus -31.2%).
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.
CWH vs DRVN: side by side
| CWH (Camping World Holdings, Inc.) | DRVN (Driven Brands Holdings Inc.) | |
|---|---|---|
| 1-year return | -63.0% | -31.2% |
| 5-year return | -79.9% | -57.4% |
| Volatility (ann.) | 60.7% | 43.3% |
| Beta vs S&P 500 | 2.02 | 0.77 |
| Max drawdown (3Y) | -79.1% | -46.4% |
| Market cap | $0.4B | $2.1B |
| P/E (trailing) | – | 13.2 |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWH | DRVN |
|---|---|---|
| 2022 | -39.6% | -18.8% |
| 2023 | +25.1% | -47.8% |
| 2024 | -17.9% | +13.2% |
| 2025 | -52.2% | -8.2% |
| 2026 | -33.9% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWH and DRVN good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CWH and DRVN?
The CWH/DRVN correlation stands at 0.53 on a 3-year window (1 year: 0.60, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is DRVN a good diversifier for CWH?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 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/cwh-vs-drvn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwh-vs-drvn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CWH correlations · DRVN correlations
