AAMI vs CMP: Correlation
Acadian Asset Management Inc. (AAMI) and Compass Minerals Intl Inc (CMP) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAMI and CMP?
Across a 3-year window, the weekly returns of AAMI and CMP correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 700.3 %².
Among the 12 assets we track against AAMI, CMP sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with AAMI ahead by 62.1 points (+92.9% versus +30.8%). Note the risk asymmetry: CMP runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AAMI vs CMP: side by side
| AAMI (Acadian Asset Management Inc.) | CMP (Compass Minerals Intl Inc) | |
|---|---|---|
| 1-year return | +92.9% | +30.8% |
| 5-year return | +260.9% | -60.3% |
| Volatility (ann.) | 33.4% | 55.5% |
| Beta vs S&P 500 | 1.30 | 0.86 |
| Max drawdown (3Y) | -26.5% | -74.2% |
| Market cap | $3.5B | $1.0B |
| P/E (trailing) | 33.8 | 59.4 |
| Dividend yield | 0.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAMI | CMP |
|---|---|---|
| 2022 | -19.4% | -18.7% |
| 2023 | -6.7% | -37.0% |
| 2024 | +37.7% | -55.3% |
| 2025 | +78.6% | +74.6% |
| 2026 | +107.7% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAMI and CMP good diversifiers for each other?
Reasonably. At 0.38, AAMI and CMP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AAMI and CMP?
The AAMI/CMP correlation stands at 0.38 on a 3-year window (1 year: 0.30, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is CMP a good diversifier for AAMI?
Reasonably. At 0.38, AAMI and CMP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: AAMI correlations · CMP correlations
