ABR vs CCAP: Correlation
How closely do Arbor Realty Trust (ABR) and Crescent Capital BDC, Inc. (CCAP) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABR and CCAP?
Across a 3-year window, the weekly returns of ABR and CCAP correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 411.6 %².
Among the 12 assets we track against ABR, CCAP ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CCAP outperformed by 28.7 percentage points (-51.5% for ABR against -22.8% for CCAP). One caveat on sizing: ABR is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ABR vs CCAP: side by side
| ABR (Arbor Realty Trust) | CCAP (Crescent Capital BDC, Inc.) | |
|---|---|---|
| 1-year return | -51.5% | -22.8% |
| 5-year return | -50.7% | +1.5% |
| Volatility (ann.) | 36.0% | 22.9% |
| Beta vs S&P 500 | 0.73 | 0.60 |
| Max drawdown (3Y) | -62.0% | -36.2% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 55.9 | – |
| Dividend yield | 18.58% | 15.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABR | CCAP |
|---|---|---|
| 2022 | -20.7% | -18.5% |
| 2023 | +29.7% | +52.6% |
| 2024 | +3.2% | +23.5% |
| 2025 | -36.7% | -17.5% |
| 2026 | -28.5% | -19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABR and CCAP good diversifiers for each other?
Only partially. A correlation of 0.50 means ABR and CCAP 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 ABR and CCAP?
The ABR/CCAP correlation stands at 0.50 on a 3-year window (1 year: 0.60, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is CCAP a good diversifier for ABR?
Only partially. A correlation of 0.50 means ABR and CCAP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABR correlations · CCAP correlations
