ABM vs CFR: Correlation
How closely do ABM Industries Incorporated (ABM) and Cullen/Frost Bankers, Inc. (CFR) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and CFR?
Across a 3-year window, the weekly returns of ABM and CFR correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 414.4 %².
Among the 12 assets we track against ABM, CFR ranks #5 by 3-year correlation. The last year tells two different stories: CFR led by 28.6 percentage points, -2.5% for ABM against +26.1% for CFR.
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.
ABM vs CFR: side by side
| ABM (ABM Industries Incorporated) | CFR (Cullen/Frost Bankers, Inc.) | |
|---|---|---|
| 1-year return | -2.5% | +26.1% |
| 5-year return | +6.5% | +64.2% |
| Volatility (ann.) | 28.9% | 25.6% |
| Beta vs S&P 500 | 0.79 | 0.76 |
| Max drawdown (3Y) | -34.4% | -26.5% |
| Market cap | $2.8B | $10.0B |
| P/E (trailing) | 18.4 | 15.4 |
| Dividend yield | 2.32% | 2.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABM | CFR |
|---|---|---|
| 2022 | +10.7% | +8.7% |
| 2023 | +3.0% | -16.1% |
| 2024 | +16.4% | +27.9% |
| 2025 | -15.5% | -2.8% |
| 2026 | +13.8% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and CFR good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABM and CFR?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.63 over the last year and 0.49 over 5 years.
Is CFR a good diversifier for ABM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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
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Related comparisons
Hubs: ABM correlations · CFR correlations
