BBVA vs CETX: Correlation
Banco Bilbao Vizcaya Argentaria S.A. (BBVA) and Cemtrex Inc. (CETX) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBVA and CETX?
Over the past 3 years, BBVA and CETX moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1316.2 %².
CETX is close to the least connected end of BBVA's tracked universe, ranking #8 of 12. The last year tells two different stories: BBVA led by 166.3 percentage points, +67.8% for BBVA against -98.5% for CETX. One caveat on sizing: CETX is 4.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBVA vs CETX: side by side
| BBVA (Banco Bilbao Vizcaya Argentaria S.A.) | CETX (Cemtrex Inc.) | |
|---|---|---|
| 1-year return | +67.8% | -98.5% |
| 5-year return | +503.8% | -100.0% |
| Volatility (ann.) | 29.9% | 137.5% |
| Beta vs S&P 500 | 0.88 | 2.29 |
| Max drawdown (3Y) | -22.1% | -100.0% |
| Market cap | $158.3B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 2.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBVA | CETX |
|---|---|---|
| 2022 | +10.1% | -84.9% |
| 2023 | +62.5% | +15.4% |
| 2024 | +14.2% | -100.0% |
| 2025 | +154.0% | -94.0% |
| 2026 | +26.9% | -89.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBVA and CETX good diversifiers for each other?
Reasonably. At 0.32, BBVA and CETX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBVA and CETX?
The BBVA/CETX correlation stands at 0.32 on a 3-year window (1 year: 0.34, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is CETX a good diversifier for BBVA?
Reasonably. At 0.32, BBVA and CETX 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: BBVA correlations · CETX correlations
