CPHI vs WLFC: Correlation
Measured on weekly returns over the past three years, China Pharma Holdings, Inc. (CPHI) and Willis Lease Finance Corporation (WLFC) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHI and WLFC?
Over the past 3 years, CPHI and WLFC moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.26 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -1760.0 %².
Out of 16 assets tracked against CPHI, WLFC lands near the bottom at #14. The last year tells two different stories: CPHI led by 26.6 percentage points, -36.7% for CPHI against -63.3% for WLFC. One caveat on sizing: CPHI 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.
CPHI vs WLFC: side by side
| CPHI (China Pharma Holdings, Inc.) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | -36.7% | -63.3% |
| 5-year return | -99.7% | +47.2% |
| Volatility (ann.) | 112.2% | 61.3% |
| Beta vs S&P 500 | 0.27 | 1.30 |
| Max drawdown (3Y) | -95.0% | -77.4% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHI | WLFC |
|---|---|---|
| 2022 | -79.2% | +56.7% |
| 2023 | -88.0% | -17.2% |
| 2024 | -61.7% | +327.3% |
| 2025 | -47.4% | -34.5% |
| 2026 | -26.8% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHI and WLFC good diversifiers for each other?
Yes. With a correlation of -0.26, CPHI and WLFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPHI and WLFC?
As of 2026-08-27, the correlation of weekly returns between CPHI and WLFC is -0.26 over 3 years, -0.45 over 1 year and -0.20 over 5 years.
Is WLFC a good diversifier for CPHI?
Yes. With a correlation of -0.26, CPHI and WLFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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
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Related comparisons
Hubs: CPHI correlations · WLFC correlations
