EDVA vs HTZ: Correlation
Endovia Health Sciences, Inc. (EDVA) and Hertz Global Holdings, Inc (HTZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDVA and HTZ?
On 3 years of weekly data the EDVA/HTZ correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.49 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 8421.4 %².
By 3-year correlation, HTZ places #4 of the 11 assets tracked against EDVA. Correlation aside, the last 12 months split them widely, with HTZ ahead by 30.3 points (-95.4% versus -65.1%). Note the risk asymmetry: EDVA runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EDVA vs HTZ: side by side
| EDVA (Endovia Health Sciences, Inc.) | HTZ (Hertz Global Holdings, Inc) | |
|---|---|---|
| 1-year return | -95.4% | -65.1% |
| 5-year return | -99.9% | -87.9% |
| Volatility (ann.) | 170.0% | 102.2% |
| Beta vs S&P 500 | 1.54 | 1.27 |
| Max drawdown (3Y) | -99.7% | -91.2% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDVA | HTZ |
|---|---|---|
| 2022 | -17.7% | -38.4% |
| 2023 | -42.6% | -32.5% |
| 2024 | -70.8% | -64.8% |
| 2025 | -89.3% | +40.4% |
| 2026 | -88.4% | -60.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDVA and HTZ good diversifiers for each other?
Reasonably. At 0.49, EDVA and HTZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EDVA and HTZ?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.17 over the last year and 0.31 over 5 years.
Is HTZ a good diversifier for EDVA?
Reasonably. At 0.49, EDVA and HTZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/edva-vs-htz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edva-vs-htz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EDVA correlations · HTZ correlations
