CVCO vs PFSI: Correlation
How closely do Cavco Industries, Inc. (CVCO) and PennyMac Financial Services, Inc. (PFSI) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVCO and PFSI?
Over the past 3 years, CVCO and PFSI moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 865.3 %².
By 3-year correlation, PFSI places #6 of the 13 assets tracked against CVCO. Correlation aside, the last 12 months split them widely, with CVCO ahead by 38.9 points (+7.6% versus -31.3%).
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 PFSI: side by side
| CVCO (Cavco Industries, Inc.) | PFSI (PennyMac Financial Services, Inc.) | |
|---|---|---|
| 1-year return | +7.6% | -31.3% |
| 5-year return | +119.4% | +17.5% |
| Volatility (ann.) | 39.8% | 34.9% |
| Beta vs S&P 500 | 0.96 | 0.57 |
| Max drawdown (3Y) | -34.7% | -53.8% |
| Market cap | $4.4B | $3.8B |
| P/E (trailing) | 25.1 | 10.0 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVCO | PFSI |
|---|---|---|
| 2022 | -28.8% | -17.6% |
| 2023 | +53.2% | +57.8% |
| 2024 | +28.7% | +16.8% |
| 2025 | +32.4% | +30.5% |
| 2026 | -3.5% | -43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVCO and PFSI good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CVCO and PFSI?
The CVCO/PFSI correlation stands at 0.62 on a 3-year window (1 year: 0.70, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is PFSI a good diversifier for CVCO?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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-pfsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvco-vs-pfsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVCO correlations · PFSI correlations
