BMI vs CVBF: Correlation
Badger Meter, Inc. (BMI) and CVB Financial Corporation (CVBF) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMI and CVBF?
Over the past 3 years, BMI and CVBF moved with a correlation of 0.45, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.45 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 485.2 %².
In BMI's tracked universe of 15 assets, CVBF sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CVBF outperformed by 39.7 percentage points (-26.1% for BMI against +13.6% for CVBF).
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.
BMI vs CVBF: side by side
| BMI (Badger Meter, Inc.) | CVBF (CVB Financial Corporation) | |
|---|---|---|
| 1-year return | -26.1% | +13.6% |
| 5-year return | +33.9% | +34.8% |
| Volatility (ann.) | 35.9% | 29.8% |
| Beta vs S&P 500 | 0.62 | 0.82 |
| Max drawdown (3Y) | -55.1% | -30.2% |
| Market cap | $4.0B | $3.9B |
| P/E (trailing) | 32.1 | 15.5 |
| Dividend yield | 1.17% | 3.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMI | CVBF |
|---|---|---|
| 2022 | +3.2% | +24.0% |
| 2023 | +42.6% | -18.5% |
| 2024 | +38.3% | +11.9% |
| 2025 | -17.2% | -9.4% |
| 2026 | -20.3% | +22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMI and CVBF good diversifiers for each other?
Reasonably. At 0.45, BMI and CVBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BMI and CVBF?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.28 over the last year and 0.36 over 5 years.
Is CVBF a good diversifier for BMI?
Reasonably. At 0.45, BMI and CVBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/bmi-vs-cvbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmi-vs-cvbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMI correlations · CVBF correlations
