INVE vs REZI: Correlation
Identiv, Inc. (INVE) and Resideo Technologies, Inc. (REZI) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVE and REZI?
Over the past 3 years, INVE and REZI moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 964.5 %².
Within INVE's tracked universe of 12 assets, REZI comes in at #5 by 3-year correlation. Over the last 12 months REZI came out ahead by 6.1 percentage points (-23.4% against -17.3%).
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.
INVE vs REZI: side by side
| INVE (Identiv, Inc.) | REZI (Resideo Technologies, Inc.) | |
|---|---|---|
| 1-year return | -23.4% | -17.3% |
| 5-year return | -83.7% | -11.7% |
| Volatility (ann.) | 54.6% | 48.9% |
| Beta vs S&P 500 | 1.05 | 1.58 |
| Max drawdown (3Y) | -72.2% | -47.1% |
| Market cap | $0.1B | $3.0B |
| P/E (trailing) | – | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INVE | REZI |
|---|---|---|
| 2022 | -74.3% | -36.8% |
| 2023 | +13.8% | +14.4% |
| 2024 | -55.6% | +22.5% |
| 2025 | +4.9% | +52.4% |
| 2026 | -26.8% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVE and REZI good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INVE and REZI?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.35 over the last year and 0.39 over 5 years.
Is REZI a good diversifier for INVE?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/inve-vs-rezi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inve-vs-rezi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INVE correlations · REZI correlations
