ABNB vs CSQ: Correlation
Airbnb (ABNB) and Calamos Strategic Total Return Fund - Closed End Fund (CSQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and CSQ?
Across a 3-year window, the weekly returns of ABNB and CSQ correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 357.0 %².
CSQ is one of the assets that tracks ABNB most closely: it ranks #3 out of the 32 assets we track against ABNB. Correlation aside, the last 12 months split them widely, with ABNB ahead by 20.6 points (+42.0% versus +21.4%). Note the risk asymmetry: ABNB runs 1.9 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.
ABNB vs CSQ: side by side
| ABNB (Airbnb) | CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | +42.0% | +21.4% |
| 5-year return | +18.2% | +64.2% |
| Volatility (ann.) | 35.2% | 18.8% |
| Beta vs S&P 500 | 1.28 | 1.22 |
| Max drawdown (3Y) | -37.2% | -24.2% |
| Market cap | $110.4B | $3.4B |
| P/E (trailing) | 42.9 | 3.2 |
| Dividend yield | 0.00% | 2.95% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ABNB | CSQ |
|---|---|---|
| 2022 | -48.6% | -24.2% |
| 2023 | +59.2% | +20.9% |
| 2024 | -3.5% | +28.2% |
| 2025 | +3.3% | +16.3% |
| 2026 | +35.9% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and CSQ good diversifiers for each other?
Only partially. A correlation of 0.54 means ABNB and CSQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ABNB and CSQ?
The ABNB/CSQ correlation stands at 0.54 on a 3-year window (1 year: 0.55, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is CSQ a good diversifier for ABNB?
Only partially. A correlation of 0.54 means ABNB and CSQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abnb-vs-csq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abnb-vs-csq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABNB correlations · CSQ correlations
