CVBF vs SUIG: Correlation
How closely do CVB Financial Corporation (CVBF) and Sui Group Holdings Limited (SUIG) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVBF and SUIG?
Over the past 3 years, CVBF and SUIG moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -978.3 %².
Among the 16 assets we track against CVBF, SUIG sits near the bottom by co-movement, at rank #14. The last year tells two different stories: CVBF led by 97.0 percentage points, +13.6% for CVBF against -83.4% for SUIG. One caveat on sizing: SUIG is 5.4 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.
CVBF vs SUIG: side by side
| CVBF (CVB Financial Corporation) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | +13.6% | -83.4% |
| 5-year return | +34.8% | -88.3% |
| Volatility (ann.) | 29.8% | 162.1% |
| Beta vs S&P 500 | 0.82 | 1.61 |
| Max drawdown (3Y) | -30.2% | -89.2% |
| Market cap | $3.9B | $0.1B |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 3.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVBF | SUIG |
|---|---|---|
| 2022 | +24.0% | -75.1% |
| 2023 | -18.5% | +19.5% |
| 2024 | +11.9% | -20.3% |
| 2025 | -9.4% | -14.4% |
| 2026 | +22.2% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and SUIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVBF and SUIG?
The CVBF/SUIG correlation stands at -0.20 on a 3-year window (1 year: -0.12, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is SUIG a good diversifier for CVBF?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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.
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Related comparisons
Hubs: CVBF correlations · SUIG correlations
