CVGI vs VRA: Correlation
How closely do Commercial Vehicle Group, Inc. (CVGI) and Vera Bradley, Inc. (VRA) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVGI and VRA?
On 3 years of weekly data the CVGI/VRA correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 2303.9 %².
Few assets follow CVGI as closely as VRA, which ranks #2 of 16 tracked partners. Their recent paths diverged sharply: over the last 12 months CVGI outperformed by 17.3 percentage points (+78.7% for CVGI against +61.4% for VRA).
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 VRA: side by side
| CVGI (Commercial Vehicle Group, Inc.) | VRA (Vera Bradley, Inc.) | |
|---|---|---|
| 1-year return | +78.7% | +61.4% |
| 5-year return | -70.3% | -71.6% |
| Volatility (ann.) | 81.5% | 61.5% |
| Beta vs S&P 500 | 0.77 | 1.11 |
| Max drawdown (3Y) | -91.0% | -78.8% |
| 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 | VRA |
|---|---|---|
| 2022 | -15.5% | -46.8% |
| 2023 | +2.9% | +70.0% |
| 2024 | -64.6% | -49.0% |
| 2025 | -41.9% | -38.4% |
| 2026 | +120.8% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and VRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVGI and VRA?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.54 over the last year and 0.42 over 5 years.
Is VRA a good diversifier for CVGI?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-vra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvgi-vs-vra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVGI correlations · VRA correlations
