CVGI vs SVCO: Correlation
How closely do Commercial Vehicle Group, Inc. (CVGI) and Silvaco Group, Inc. (SVCO) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVGI and SVCO?
Across a 3-year window, the weekly returns of CVGI and SVCO correlate at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.44 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 3180.3 %².
Within CVGI's tracked universe of 16 assets, SVCO comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CVGI ahead by 31.5 points (+78.7% versus +47.2%).
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 SVCO: side by side
| CVGI (Commercial Vehicle Group, Inc.) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | +78.7% | +47.2% |
| 5-year return | -70.3% | n/a |
| Volatility (ann.) | 81.5% | 80.2% |
| Beta vs S&P 500 | 0.77 | 1.47 |
| Max drawdown (3Y) | -91.0% | -83.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVGI | SVCO |
|---|---|---|
| 2022 | -15.5% | – |
| 2023 | +2.9% | – |
| 2024 | -64.6% | – |
| 2025 | -41.9% | -49.9% |
| 2026 | +120.8% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and SVCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVGI and SVCO?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.63 over the last year and n/a over 5 years.
Is SVCO a good diversifier for CVGI?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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-svco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvgi-vs-svco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVGI correlations · SVCO correlations
