CPF vs VMD: Correlation
How closely do Central Pacific Financial Corp New (CPF) and Viemed Healthcare, Inc. (VMD) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and VMD?
Over the past 3 years, CPF and VMD moved with a correlation of 0.47, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.47 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 503.4 %².
By 3-year correlation, VMD places #12 of the 19 assets tracked against CPF. Twelve-month performance is nearly a tie, at +24.4% for CPF and +25.5% for VMD. Note the risk asymmetry: VMD runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CPF vs VMD: side by side
| CPF (Central Pacific Financial Corp New) | VMD (Viemed Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | +25.5% |
| 5-year return | +85.5% | +43.9% |
| Volatility (ann.) | 26.5% | 40.5% |
| Beta vs S&P 500 | 0.84 | 0.73 |
| Max drawdown (3Y) | -25.2% | -40.6% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 12.2 | 25.7 |
| Dividend yield | 2.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | VMD |
|---|---|---|
| 2022 | -24.7% | +44.8% |
| 2023 | +2.9% | +3.8% |
| 2024 | +54.3% | +2.2% |
| 2025 | +11.3% | -7.4% |
| 2026 | +23.5% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and VMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPF and VMD?
The CPF/VMD correlation stands at 0.47 on a 3-year window (1 year: 0.34, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is VMD a good diversifier for CPF?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpf-vs-vmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpf-vs-vmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPF correlations · VMD correlations
