CAVA vs CET: Correlation
CAVA Group, Inc. (CAVA) and Central Securities Corporation (CET) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAVA and CET?
Across a 3-year window, the weekly returns of CAVA and CET correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.48 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 367.1 %².
Among the 13 assets we track against CAVA, CET ranks #5 by 3-year correlation. The last year tells two different stories: CET led by 16.9 percentage points, -1.2% for CAVA against +15.7% for CET. One caveat on sizing: CAVA is 4.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CAVA vs CET: side by side
| CAVA (CAVA Group, Inc.) | CET (Central Securities Corporation) | |
|---|---|---|
| 1-year return | -1.2% | +15.7% |
| 5-year return | n/a | +73.3% |
| Volatility (ann.) | 59.9% | 12.8% |
| Beta vs S&P 500 | 1.78 | 0.78 |
| Max drawdown (3Y) | -71.1% | -15.4% |
| Market cap | $7.8B | – |
| P/E (trailing) | 119.6 | 7.3 |
| Dividend yield | 0.00% | 5.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAVA | CET |
|---|---|---|
| 2022 | – | -19.7% |
| 2023 | – | +19.2% |
| 2024 | +162.4% | +26.8% |
| 2025 | -48.0% | +17.2% |
| 2026 | +14.1% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAVA and CET good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CAVA and CET?
As of 2026-08-27, the correlation of weekly returns between CAVA and CET is 0.48 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is CET a good diversifier for CAVA?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/cava-vs-cet.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cava-vs-cet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAVA correlations · CET correlations
