ICFI vs ORGO: Correlation
How closely do ICF International, Inc. (ICFI) and Organogenesis Holdings Inc. - Class A (ORGO) 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 ICFI and ORGO?
Across a 3-year window, the weekly returns of ICFI and ORGO correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.00) runs above the 3-year figure (-0.25). Stretching to 5 years gives -0.16, with an annualized covariance of -866.8 %².
Among the 13 assets we track against ICFI, ORGO sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with ICFI ahead by 54.6 points (-9.4% versus -64.0%). Risk is not evenly split, since ORGO carries 2.4 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.
ICFI vs ORGO: side by side
| ICFI (ICF International, Inc.) | ORGO (Organogenesis Holdings Inc. - Class A) | |
|---|---|---|
| 1-year return | -9.4% | -64.0% |
| 5-year return | -2.1% | -89.3% |
| Volatility (ann.) | 37.8% | 90.0% |
| Beta vs S&P 500 | 0.60 | 1.25 |
| Max drawdown (3Y) | -65.6% | -74.5% |
| Market cap | $1.6B | $0.2B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICFI | ORGO |
|---|---|---|
| 2022 | -2.9% | -70.9% |
| 2023 | +36.0% | +52.0% |
| 2024 | -10.8% | -21.8% |
| 2025 | -28.0% | +61.9% |
| 2026 | +5.7% | -66.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICFI and ORGO good diversifiers for each other?
Yes. With a correlation of -0.25, ICFI and ORGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ICFI and ORGO?
The ICFI/ORGO correlation stands at -0.25 on a 3-year window (1 year: -0.00, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is ORGO a good diversifier for ICFI?
Yes. With a correlation of -0.25, ICFI and ORGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/icfi-vs-orgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/icfi-vs-orgo/)
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Related comparisons
Hubs: ICFI correlations · ORGO correlations
