REED vs SVCO: Correlation
Measured on weekly returns over the past three years, Reed's, Inc. (REED) and Silvaco Group, Inc. (SVCO) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REED and SVCO?
Over the past 3 years, REED and SVCO moved with a correlation of 0.27, which is weak. The past 12 months show a tighter link (0.48) than the 3-year average (0.27). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2435.6 %².
Among the 31 assets we track against REED, SVCO ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SVCO outperformed by 131.3 percentage points (-84.1% for REED against +47.2% for SVCO).
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.
REED vs SVCO: side by side
| REED (Reed's, Inc.) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | -84.1% | +47.2% |
| 5-year return | -99.5% | n/a |
| Volatility (ann.) | 104.6% | 80.2% |
| Beta vs S&P 500 | -0.39 | 1.47 |
| Max drawdown (3Y) | -96.4% | -83.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REED | SVCO |
|---|---|---|
| 2022 | -80.6% | – |
| 2023 | -54.3% | – |
| 2024 | -60.6% | – |
| 2025 | -44.4% | -49.9% |
| 2026 | -53.6% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REED and SVCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between REED and SVCO?
The REED/SVCO correlation stands at 0.27 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SVCO a good diversifier for REED?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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: REED correlations · SVCO correlations
