CFBK vs PROV: Correlation
Measured on weekly returns over the past three years, CF Bankshares Inc. (CFBK) and Provident Financial Holdings, Inc. (PROV) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFBK and PROV?
On 3 years of weekly data the CFBK/PROV correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.40). The 5-year figure is 0.30, and annualized covariance runs at 206.5 %².
Within CFBK's tracked universe of 12 assets, PROV comes in at #7 by 3-year correlation. The last year tells two different stories: CFBK led by 19.2 percentage points, +42.5% for CFBK against +23.3% for PROV. One caveat on sizing: CFBK is 1.8 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.
CFBK vs PROV: side by side
| CFBK (CF Bankshares Inc.) | PROV (Provident Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | +42.5% | +23.3% |
| 5-year return | +92.0% | +30.9% |
| Volatility (ann.) | 30.3% | 17.1% |
| Beta vs S&P 500 | 0.75 | 0.24 |
| Max drawdown (3Y) | -33.5% | -19.5% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 11.9 | 17.8 |
| Dividend yield | 0.98% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFBK | PROV |
|---|---|---|
| 2022 | +4.1% | -13.5% |
| 2023 | -6.7% | -4.3% |
| 2024 | +32.6% | +31.4% |
| 2025 | -1.0% | +3.7% |
| 2026 | +39.5% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFBK and PROV good diversifiers for each other?
Reasonably. At 0.40, CFBK and PROV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CFBK and PROV?
The CFBK/PROV correlation stands at 0.40 on a 3-year window (1 year: 0.30, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is PROV a good diversifier for CFBK?
Reasonably. At 0.40, CFBK and PROV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/cfbk-vs-prov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cfbk-vs-prov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFBK correlations · PROV correlations
