CVCO vs EXP: Correlation
Cavco Industries, Inc. (CVCO) and Eagle Materials Inc (EXP) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVCO and EXP?
Across a 3-year window, the weekly returns of CVCO and EXP correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 924.8 %².
EXP is one of the assets that tracks CVCO most closely: it ranks #2 out of the 13 assets we track against CVCO. Correlation aside, the last 12 months split them widely, with CVCO ahead by 23.3 points (+7.6% versus -15.7%).
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.
CVCO vs EXP: side by side
| CVCO (Cavco Industries, Inc.) | EXP (Eagle Materials Inc) | |
|---|---|---|
| 1-year return | +7.6% | -15.7% |
| 5-year return | +119.4% | +29.5% |
| Volatility (ann.) | 39.8% | 34.8% |
| Beta vs S&P 500 | 0.96 | 1.21 |
| Max drawdown (3Y) | -34.7% | -44.7% |
| Market cap | $4.4B | $6.1B |
| P/E (trailing) | 25.1 | 15.6 |
| Dividend yield | 0.00% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVCO | EXP |
|---|---|---|
| 2022 | -28.8% | -19.6% |
| 2023 | +53.2% | +53.6% |
| 2024 | +28.7% | +22.1% |
| 2025 | +32.4% | -15.9% |
| 2026 | -3.5% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVCO and EXP good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CVCO and EXP?
As of 2026-08-27, the correlation of weekly returns between CVCO and EXP is 0.67 over 3 years, 0.70 over 1 year and 0.62 over 5 years.
Is EXP a good diversifier for CVCO?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 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/cvco-vs-exp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvco-vs-exp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVCO correlations · EXP correlations
