CVGI vs GDDY: Correlation
Measured on weekly returns over the past three years, Commercial Vehicle Group, Inc. (CVGI) and GoDaddy (GDDY) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVGI and GDDY?
On 3 years of weekly data the CVGI/GDDY correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.21 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -584.2 %².
Out of 16 assets tracked against CVGI, GDDY lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with CVGI ahead by 113.1 points (+78.7% versus -34.4%). One caveat on sizing: CVGI is 2.4 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.
CVGI vs GDDY: side by side
| CVGI (Commercial Vehicle Group, Inc.) | GDDY (GoDaddy) | |
|---|---|---|
| 1-year return | +78.7% | -34.4% |
| 5-year return | -70.3% | +32.1% |
| Volatility (ann.) | 81.5% | 33.6% |
| Beta vs S&P 500 | 0.77 | 0.93 |
| Max drawdown (3Y) | -91.0% | -65.0% |
| Market cap | $0.1B | $12.3B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CVGI | GDDY |
|---|---|---|
| 2022 | -15.5% | -11.8% |
| 2023 | +2.9% | +41.9% |
| 2024 | -64.6% | +85.9% |
| 2025 | -41.9% | -37.1% |
| 2026 | +120.8% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and GDDY good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CVGI and GDDY?
As of 2026-08-27, the correlation of weekly returns between CVGI and GDDY is -0.21 over 3 years, -0.41 over 1 year and -0.09 over 5 years.
Is GDDY a good diversifier for CVGI?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/cvgi-vs-gddy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvgi-vs-gddy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVGI correlations · GDDY correlations
