CFFN vs NODK: Correlation
Capitol Federal Financial, Inc. (CFFN) and NI Holdings, Inc. (NODK) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFN and NODK?
Across a 3-year window, the weekly returns of CFFN and NODK correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 265.4 %².
Within CFFN's tracked universe of 14 assets, NODK comes in at #8 by 3-year correlation. The last year tells two different stories: CFFN led by 26.3 percentage points, +41.0% for CFFN against +14.7% for NODK.
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.
CFFN vs NODK: side by side
| CFFN (Capitol Federal Financial, Inc.) | NODK (NI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +41.0% | +14.7% |
| 5-year return | +4.8% | -21.2% |
| Volatility (ann.) | 30.6% | 22.7% |
| Beta vs S&P 500 | 0.78 | 0.27 |
| Max drawdown (3Y) | -29.0% | -28.4% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | 13.3 | 40.1 |
| Dividend yield | 3.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFFN | NODK |
|---|---|---|
| 2022 | -16.3% | -29.8% |
| 2023 | -21.2% | -2.1% |
| 2024 | -2.9% | +20.9% |
| 2025 | +22.0% | -15.3% |
| 2026 | +31.8% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFN and NODK good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CFFN and NODK?
As of 2026-08-27, the correlation of weekly returns between CFFN and NODK is 0.38 over 3 years, 0.33 over 1 year and 0.32 over 5 years.
Is NODK a good diversifier for CFFN?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CFFN correlations · NODK correlations
