CATY vs CVBF: Correlation
How closely do Cathay General Bancorp (CATY) and CVB Financial Corporation (CVBF) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and CVBF?
On 3 years of weekly data the CATY/CVBF correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.87 over 3. The 5-year figure is 0.83, and annualized covariance runs at 697.6 %².
By 3-year correlation, CVBF places #8 of the 28 assets tracked against CATY. Over the last 12 months CATY came out ahead by 13.1 percentage points (+26.7% against +13.6%).
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 CVBF: side by side
| CATY (Cathay General Bancorp) | CVBF (CVB Financial Corporation) | |
|---|---|---|
| 1-year return | +26.7% | +13.6% |
| 5-year return | +83.2% | +34.8% |
| Volatility (ann.) | 26.8% | 29.8% |
| Beta vs S&P 500 | 0.82 | 0.82 |
| Max drawdown (3Y) | -29.7% | -30.2% |
| Market cap | $4.1B | $3.9B |
| P/E (trailing) | 12.1 | 15.5 |
| Dividend yield | 2.39% | 3.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | CVBF |
|---|---|---|
| 2022 | -2.1% | +24.0% |
| 2023 | +13.5% | -18.5% |
| 2024 | +10.3% | +11.9% |
| 2025 | +4.6% | -9.4% |
| 2026 | +30.2% | +22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and CVBF good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CATY and CVBF?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.83 over the last year and 0.83 over 5 years.
Is CVBF a good diversifier for CATY?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 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-cvbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/caty-vs-cvbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CATY correlations · CVBF correlations
