BTI vs CVU: Correlation
British American Tobacco Industries, p.l.c. (BTI) and CPI Aerostructures, Inc. (CVU) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and CVU?
Over the past 3 years, BTI and CVU moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -311.5 %².
CVU is close to the least connected end of BTI's tracked universe, ranking #18 of 21. The last year tells two different stories: CVU led by 115.0 percentage points, +4.8% for BTI against +119.8% for CVU. Note the risk asymmetry: CVU runs 2.5 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.
BTI vs CVU: side by side
| BTI (British American Tobacco Industries, p.l.c.) | CVU (CPI Aerostructures, Inc.) | |
|---|---|---|
| 1-year return | +4.8% | +119.8% |
| 5-year return | +119.4% | +71.7% |
| Volatility (ann.) | 22.5% | 55.3% |
| Beta vs S&P 500 | 0.06 | 0.70 |
| Max drawdown (3Y) | -15.3% | -63.8% |
| Market cap | $121.2B | $0.1B |
| P/E (trailing) | 14.5 | 18.4 |
| Dividend yield | 4.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTI | CVU |
|---|---|---|
| 2022 | +15.1% | +17.2% |
| 2023 | -20.1% | -14.7% |
| 2024 | +35.4% | +48.4% |
| 2025 | +65.8% | -2.2% |
| 2026 | +2.2% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and CVU good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTI and CVU?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.35 over the last year and -0.12 over 5 years.
Is CVU a good diversifier for BTI?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BTI correlations · CVU correlations
