DSWL vs VLY: Correlation
Measured on weekly returns over the past three years, Deswell Industries, Inc. (DSWL) and Valley National Bancorp (VLY) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSWL and VLY?
Across a 3-year window, the weekly returns of DSWL and VLY correlate at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 351.6 %².
Among the 10 assets we track against DSWL, VLY ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VLY ahead by 48.3 points (-10.4% versus +37.9%).
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.
DSWL vs VLY: side by side
| DSWL (Deswell Industries, Inc.) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | -10.4% | +37.9% |
| 5-year return | +0.8% | +32.9% |
| Volatility (ann.) | 30.4% | 32.8% |
| Beta vs S&P 500 | 0.34 | 0.93 |
| Max drawdown (3Y) | -29.5% | -39.5% |
| Market cap | – | $7.7B |
| P/E (trailing) | 4.6 | 11.9 |
| Dividend yield | 6.45% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSWL | VLY |
|---|---|---|
| 2022 | -14.1% | -14.6% |
| 2023 | -8.3% | +0.7% |
| 2024 | -2.9% | -11.9% |
| 2025 | +54.7% | +34.8% |
| 2026 | -5.7% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSWL and VLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DSWL and VLY?
As of 2026-08-27, the correlation of weekly returns between DSWL and VLY is 0.35 over 3 years, 0.25 over 1 year and 0.25 over 5 years.
Is VLY a good diversifier for DSWL?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/dswl-vs-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dswl-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSWL correlations · VLY correlations
