CATO vs MPV: Correlation
How closely do Cato Corporation (The) (CATO) and Barings Participation Investors (MPV) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATO and MPV?
On 3 years of weekly data the CATO/MPV correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 481.4 %².
MPV is one of the assets that tracks CATO most closely: it ranks #1 out of the 12 assets we track against CATO. Their recent paths diverged sharply: over the last 12 months MPV outperformed by 17.9 percentage points (-31.8% for CATO against -13.9% for MPV). Risk is not evenly split, since CATO carries 2.7 times the volatility of the other side.
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 MPV: side by side
| CATO (Cato Corporation (The)) | MPV (Barings Participation Investors) | |
|---|---|---|
| 1-year return | -31.8% | -13.9% |
| 5-year return | -80.5% | +72.3% |
| Volatility (ann.) | 56.2% | 21.0% |
| Beta vs S&P 500 | 0.62 | 0.27 |
| Max drawdown (3Y) | -69.4% | -20.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 9.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATO | MPV |
|---|---|---|
| 2022 | -42.2% | -10.7% |
| 2023 | -16.5% | +39.1% |
| 2024 | -39.8% | +20.5% |
| 2025 | -20.8% | +0.7% |
| 2026 | -13.9% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATO and MPV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CATO and MPV?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.41 over the last year and 0.28 over 5 years.
Is MPV a good diversifier for CATO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/cato-vs-mpv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cato-vs-mpv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CATO correlations · MPV correlations
