KVHI vs SVCO: Correlation
How closely do KVH Industries, Inc. (KVHI) and Silvaco Group, Inc. (SVCO) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVHI and SVCO?
On 3 years of weekly data the KVHI/SVCO correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.32 over 3. The 5-year figure is n/a, and annualized covariance runs at 1115.2 %².
SVCO is one of the assets that tracks KVHI most closely: it ranks #3 out of the 19 assets we track against KVHI. Over the last 12 months SVCO came out ahead by 7.3 percentage points (+39.9% against +47.2%). Note the risk asymmetry: SVCO runs 1.9 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.
KVHI vs SVCO: side by side
| KVHI (KVH Industries, Inc.) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | +47.2% |
| 5-year return | -25.9% | n/a |
| Volatility (ann.) | 41.7% | 80.2% |
| Beta vs S&P 500 | 0.20 | 1.47 |
| Max drawdown (3Y) | -35.9% | -83.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KVHI | SVCO |
|---|---|---|
| 2022 | +11.2% | – |
| 2023 | -48.5% | – |
| 2024 | +8.4% | – |
| 2025 | +22.3% | -49.9% |
| 2026 | +10.8% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVHI and SVCO good diversifiers for each other?
Reasonably. At 0.32, KVHI and SVCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KVHI and SVCO?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.34 over the last year and n/a over 5 years.
Is SVCO a good diversifier for KVHI?
Reasonably. At 0.32, KVHI and SVCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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.
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Related comparisons
Hubs: KVHI correlations · SVCO correlations
