CVGI vs TLYS: Correlation
Commercial Vehicle Group, Inc. (CVGI) and Tilly's, Inc. (TLYS) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVGI and TLYS?
Across a 3-year window, the weekly returns of CVGI and TLYS correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.46 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 3603.4 %².
In CVGI's tracked universe of 16 assets, TLYS sits right near the top at #1. Correlation aside, the last 12 months split them widely, with TLYS ahead by 26.6 points (+78.7% versus +105.3%).
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 TLYS: side by side
| CVGI (Commercial Vehicle Group, Inc.) | TLYS (Tilly's, Inc.) | |
|---|---|---|
| 1-year return | +78.7% | +105.3% |
| 5-year return | -70.3% | -74.2% |
| Volatility (ann.) | 81.5% | 96.5% |
| Beta vs S&P 500 | 0.77 | 0.68 |
| Max drawdown (3Y) | -91.0% | -92.3% |
| 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 | TLYS |
|---|---|---|
| 2022 | -15.5% | -43.8% |
| 2023 | +2.9% | -16.7% |
| 2024 | -64.6% | -43.6% |
| 2025 | -41.9% | -53.2% |
| 2026 | +120.8% | +93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and TLYS good diversifiers for each other?
Reasonably. At 0.46, CVGI and TLYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVGI and TLYS?
As of 2026-08-27, the correlation of weekly returns between CVGI and TLYS is 0.46 over 3 years, 0.66 over 1 year and 0.42 over 5 years.
Is TLYS a good diversifier for CVGI?
Reasonably. At 0.46, CVGI and TLYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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-tlys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvgi-vs-tlys/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVGI correlations · TLYS correlations
