CATY vs CFFN: Correlation
Measured on weekly returns over the past three years, Cathay General Bancorp (CATY) and Capitol Federal Financial, Inc. (CFFN) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and CFFN?
Over the past 3 years, CATY and CFFN moved with a correlation of 0.79, which is strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 647.0 %².
By 3-year correlation, CFFN places #16 of the 28 assets tracked against CATY. The trailing year gives CFFN the advantage: +26.7% versus +41.0%, a 14.3-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.
CATY vs CFFN: side by side
| CATY (Cathay General Bancorp) | CFFN (Capitol Federal Financial, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +41.0% |
| 5-year return | +83.2% | +4.8% |
| Volatility (ann.) | 26.8% | 30.6% |
| Beta vs S&P 500 | 0.82 | 0.78 |
| Max drawdown (3Y) | -29.7% | -29.0% |
| Market cap | $4.1B | $1.1B |
| P/E (trailing) | 12.1 | 13.3 |
| Dividend yield | 2.39% | 3.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | CFFN |
|---|---|---|
| 2022 | -2.1% | -16.3% |
| 2023 | +13.5% | -21.2% |
| 2024 | +10.3% | -2.9% |
| 2025 | +4.6% | +22.0% |
| 2026 | +30.2% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and CFFN good diversifiers for each other?
Only partially. A correlation of 0.79 means CATY and CFFN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CATY and CFFN?
The CATY/CFFN correlation stands at 0.79 on a 3-year window (1 year: 0.77, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is CFFN a good diversifier for CATY?
Only partially. A correlation of 0.79 means CATY and CFFN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 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/caty-vs-cffn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/caty-vs-cffn/)
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Related comparisons
Hubs: CATY correlations · CFFN correlations
