CVGI vs PDCC: Correlation
Commercial Vehicle Group, Inc. (CVGI) and Pearl Diver Credit Company Inc. (PDCC) 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 PDCC?
Across a 3-year window, the weekly returns of CVGI and PDCC correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.26). Stretching to 5 years gives n/a, with an annualized covariance of -643.5 %².
Out of 16 assets tracked against CVGI, PDCC lands near the bottom at #15. The last year tells two different stories: CVGI led by 116.7 percentage points, +78.7% for CVGI against -38.0% for PDCC. One caveat on sizing: CVGI is 3.1 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 PDCC: side by side
| CVGI (Commercial Vehicle Group, Inc.) | PDCC (Pearl Diver Credit Company Inc.) | |
|---|---|---|
| 1-year return | +78.7% | -38.0% |
| 5-year return | -70.3% | n/a |
| Volatility (ann.) | 81.5% | 26.4% |
| Beta vs S&P 500 | 0.77 | 0.17 |
| Max drawdown (3Y) | -91.0% | -47.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVGI | PDCC |
|---|---|---|
| 2022 | -15.5% | – |
| 2023 | +2.9% | – |
| 2024 | -64.6% | – |
| 2025 | -41.9% | -20.9% |
| 2026 | +120.8% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and PDCC good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVGI and PDCC?
As of 2026-08-27, the correlation of weekly returns between CVGI and PDCC is -0.26 over 3 years, -0.46 over 1 year and n/a over 5 years.
Is PDCC a good diversifier for CVGI?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
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-pdcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvgi-vs-pdcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVGI correlations · PDCC correlations
