CATO vs IP: Correlation
Measured on weekly returns over the past three years, Cato Corporation (The) (CATO) and International Paper (IP) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATO and IP?
On 3 years of weekly data the CATO/IP correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 638.5 %².
By 3-year correlation, IP places #5 of the 12 assets tracked against CATO. Correlation aside, the last 12 months split them widely, with IP ahead by 18.3 points (-31.8% versus -13.5%).
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.
CATO vs IP: side by side
| CATO (Cato Corporation (The)) | IP (International Paper) | |
|---|---|---|
| 1-year return | -31.8% | -13.5% |
| 5-year return | -80.5% | -11.2% |
| Volatility (ann.) | 56.2% | 37.8% |
| Beta vs S&P 500 | 0.62 | 0.77 |
| Max drawdown (3Y) | -69.4% | -48.6% |
| Market cap | $0.1B | $21.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.47% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CATO | IP |
|---|---|---|
| 2022 | -42.2% | -23.0% |
| 2023 | -16.5% | +10.2% |
| 2024 | -39.8% | +55.3% |
| 2025 | -20.8% | -23.8% |
| 2026 | -13.9% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATO and IP good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CATO and IP?
As of 2026-08-27, the correlation of weekly returns between CATO and IP is 0.30 over 3 years, 0.28 over 1 year and 0.29 over 5 years.
Is IP a good diversifier for CATO?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cato-vs-ip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cato-vs-ip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CATO correlations · IP correlations
