CVBF vs MDXG: Correlation
CVB Financial Corporation (CVBF) and MiMedx Group, Inc (MDXG) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVBF and MDXG?
On 3 years of weekly data the CVBF/MDXG correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.44 over 3 years. The 5-year figure is 0.13, and annualized covariance runs at 568.0 %².
By 3-year correlation, MDXG places #11 of the 16 assets tracked against CVBF. Correlation aside, the last 12 months split them widely, with CVBF ahead by 50.7 points (+13.6% versus -37.1%).
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 MDXG: side by side
| CVBF (CVB Financial Corporation) | MDXG (MiMedx Group, Inc) | |
|---|---|---|
| 1-year return | +13.6% | -37.1% |
| 5-year return | +34.8% | -69.1% |
| Volatility (ann.) | 29.8% | 43.2% |
| Beta vs S&P 500 | 0.82 | 0.71 |
| Max drawdown (3Y) | -30.2% | -68.3% |
| Market cap | $3.9B | $0.7B |
| P/E (trailing) | 15.5 | 112.8 |
| Dividend yield | 3.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVBF | MDXG |
|---|---|---|
| 2022 | +24.0% | -54.0% |
| 2023 | -18.5% | +215.5% |
| 2024 | +11.9% | +9.7% |
| 2025 | -9.4% | -29.6% |
| 2026 | +22.2% | -33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and MDXG good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CVBF and MDXG?
The CVBF/MDXG correlation stands at 0.44 on a 3-year window (1 year: 0.13, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is MDXG a good diversifier for CVBF?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvbf-vs-mdxg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvbf-vs-mdxg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVBF correlations · MDXG correlations
