CVGI vs MXC: Correlation
Commercial Vehicle Group, Inc. (CVGI) and Mexco Energy Corporation (MXC) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVGI and MXC?
On 3 years of weekly data the CVGI/MXC correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.26). The 5-year figure is -0.07, and annualized covariance runs at -1307.9 %².
Out of 16 assets tracked against CVGI, MXC lands near the bottom at #14. The last year tells two different stories: CVGI led by 57.1 percentage points, +78.7% for CVGI against +21.6% for MXC.
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 MXC: side by side
| CVGI (Commercial Vehicle Group, Inc.) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | +78.7% | +21.6% |
| 5-year return | -70.3% | +7.2% |
| Volatility (ann.) | 81.5% | 62.1% |
| Beta vs S&P 500 | 0.77 | -0.31 |
| Max drawdown (3Y) | -91.0% | -60.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVGI | MXC |
|---|---|---|
| 2022 | -15.5% | +33.0% |
| 2023 | +2.9% | -26.2% |
| 2024 | -64.6% | +24.6% |
| 2025 | -41.9% | -10.8% |
| 2026 | +120.8% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and MXC good diversifiers for each other?
Yes. With a correlation of -0.26, CVGI and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVGI and MXC?
The CVGI/MXC correlation stands at -0.26 on a 3-year window (1 year: -0.49, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is MXC a good diversifier for CVGI?
Yes. With a correlation of -0.26, CVGI and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvgi-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvgi-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVGI correlations · MXC correlations
