CPSS vs NWBI: Correlation
Consumer Portfolio Services, Inc. (CPSS) and Northwest Bancshares, Inc. (NWBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPSS and NWBI?
Across a 3-year window, the weekly returns of CPSS and NWBI correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 329.2 %².
In CPSS's tracked universe of 10 assets, NWBI sits right near the top at #3. Over the last 12 months NWBI came out ahead by 12.8 percentage points (+14.9% against +27.7%).
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.
CPSS vs NWBI: side by side
| CPSS (Consumer Portfolio Services, Inc.) | NWBI (Northwest Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +14.9% | +27.7% |
| 5-year return | +65.6% | +62.0% |
| Volatility (ann.) | 35.9% | 24.9% |
| Beta vs S&P 500 | 0.28 | 0.60 |
| Max drawdown (3Y) | -41.5% | -26.6% |
| Market cap | $0.2B | $2.2B |
| P/E (trailing) | 10.3 | 14.9 |
| Dividend yield | 0.00% | 5.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPSS | NWBI |
|---|---|---|
| 2022 | -25.3% | +4.6% |
| 2023 | +5.9% | -4.4% |
| 2024 | +15.9% | +12.7% |
| 2025 | -14.1% | -2.9% |
| 2026 | +0.5% | +33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSS and NWBI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPSS and NWBI?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.29 over the last year and 0.28 over 5 years.
Is NWBI a good diversifier for CPSS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/cpss-vs-nwbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpss-vs-nwbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPSS correlations · NWBI correlations
