BVFL vs VLY: Correlation
BV Financial, Inc. (BVFL) and Valley National Bancorp (VLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVFL and VLY?
Over the past 3 years, BVFL and VLY moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 444.9 %².
By 3-year correlation, VLY places #5 of the 11 assets tracked against BVFL. The trailing year gives VLY the advantage: +27.5% versus +37.9%, a 10.4-point spread.
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.
BVFL vs VLY: side by side
| BVFL (BV Financial, Inc.) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | +27.5% | +37.9% |
| 5-year return | +55.7% | +32.9% |
| Volatility (ann.) | 23.9% | 32.8% |
| Beta vs S&P 500 | 0.49 | 0.93 |
| Max drawdown (3Y) | -30.9% | -39.5% |
| Market cap | $0.2B | $7.7B |
| P/E (trailing) | 14.3 | 11.9 |
| Dividend yield | 0.00% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVFL | VLY |
|---|---|---|
| 2022 | +24.4% | -14.6% |
| 2023 | -13.2% | +0.7% |
| 2024 | +21.4% | -11.9% |
| 2025 | +5.3% | +34.8% |
| 2026 | +17.8% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVFL and VLY good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BVFL and VLY?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.59 over the last year and 0.40 over 5 years.
Is VLY a good diversifier for BVFL?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bvfl-vs-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bvfl-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BVFL correlations · VLY correlations
