CVCO vs SKY: Correlation
Measured on weekly returns over the past three years, Cavco Industries, Inc. (CVCO) and Champion Homes, Inc. (SKY) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVCO and SKY?
Across a 3-year window, the weekly returns of CVCO and SKY correlate at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.83 over 3. Stretching to 5 years gives 0.85, with an annualized covariance of 1487.9 %².
SKY is one of the assets that tracks CVCO most closely: it ranks #1 out of the 13 assets we track against CVCO. The trailing year gives SKY the advantage: +7.6% versus +20.5%, a 12.9-point spread.
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 SKY: side by side
| CVCO (Cavco Industries, Inc.) | SKY (Champion Homes, Inc.) | |
|---|---|---|
| 1-year return | +7.6% | +20.5% |
| 5-year return | +119.4% | +41.8% |
| Volatility (ann.) | 39.8% | 45.3% |
| Beta vs S&P 500 | 0.96 | 1.01 |
| Max drawdown (3Y) | -34.7% | -44.6% |
| Market cap | $4.4B | $4.9B |
| P/E (trailing) | 25.1 | 26.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVCO | SKY |
|---|---|---|
| 2022 | -28.8% | -34.8% |
| 2023 | +53.2% | +44.2% |
| 2024 | +28.7% | +18.6% |
| 2025 | +32.4% | -4.1% |
| 2026 | -3.5% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVCO and SKY good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CVCO and SKY?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.86 over the last year and 0.85 over 5 years.
Is SKY a good diversifier for CVCO?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvco-vs-sky.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvco-vs-sky/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVCO correlations · SKY correlations
