CVBF vs PAHC: Correlation
CVB Financial Corporation (CVBF) and Phibro Animal Health Corporation (PAHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVBF and PAHC?
Over the past 3 years, CVBF and PAHC moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 745.3 %².
Within CVBF's tracked universe of 16 assets, PAHC comes in at #9 by 3-year correlation. Twelve-month performance is nearly a tie, at +13.6% for CVBF and +14.3% for PAHC. Note the risk asymmetry: PAHC runs 1.8 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.
CVBF vs PAHC: side by side
| CVBF (CVB Financial Corporation) | PAHC (Phibro Animal Health Corporation) | |
|---|---|---|
| 1-year return | +13.6% | +14.3% |
| 5-year return | +34.8% | +73.3% |
| Volatility (ann.) | 29.8% | 53.5% |
| Beta vs S&P 500 | 0.82 | 0.79 |
| Max drawdown (3Y) | -30.2% | -52.1% |
| Market cap | $3.9B | $1.5B |
| P/E (trailing) | 15.5 | 15.5 |
| Dividend yield | 3.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVBF | PAHC |
|---|---|---|
| 2022 | +24.0% | -32.3% |
| 2023 | -18.5% | -10.4% |
| 2024 | +11.9% | +86.3% |
| 2025 | -9.4% | +80.8% |
| 2026 | +22.2% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and PAHC good diversifiers for each other?
Reasonably. At 0.47, CVBF and PAHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVBF and PAHC?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.43 over the last year and 0.39 over 5 years.
Is PAHC a good diversifier for CVBF?
Reasonably. At 0.47, CVBF and PAHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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-pahc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvbf-vs-pahc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVBF correlations · PAHC correlations
