CVBF vs EGBN: Correlation
How closely do CVB Financial Corporation (CVBF) and Eagle Bancorp, Inc. (EGBN) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVBF and EGBN?
On 3 years of weekly data the CVBF/EGBN correlation comes out at 0.72, strong. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.72). The 5-year figure is 0.74, and annualized covariance runs at 934.0 %².
Among the 16 assets we track against CVBF, EGBN ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EGBN outperformed by 28.9 percentage points (+13.6% for CVBF against +42.5% for EGBN).
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.
CVBF vs EGBN: side by side
| CVBF (CVB Financial Corporation) | EGBN (Eagle Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +13.6% | +42.5% |
| 5-year return | +34.8% | -41.4% |
| Volatility (ann.) | 29.8% | 43.4% |
| Beta vs S&P 500 | 0.82 | 0.65 |
| Max drawdown (3Y) | -30.2% | -46.0% |
| Market cap | $3.9B | $0.8B |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 3.57% | 0.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVBF | EGBN |
|---|---|---|
| 2022 | +24.0% | -21.9% |
| 2023 | -18.5% | -27.0% |
| 2024 | +11.9% | -7.9% |
| 2025 | -9.4% | -15.6% |
| 2026 | +22.2% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and EGBN good diversifiers for each other?
Only partially. A correlation of 0.72 means CVBF and EGBN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CVBF and EGBN?
The CVBF/EGBN correlation stands at 0.72 on a 3-year window (1 year: 0.43, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is EGBN a good diversifier for CVBF?
Only partially. A correlation of 0.72 means CVBF and EGBN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 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
$ curl https://www.pairbook.io/api/v1/pairs/cvbf-vs-egbn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvbf-vs-egbn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVBF correlations · EGBN correlations
