AIP vs CTS: Correlation
Measured on weekly returns over the past three years, Arteris, Inc. (AIP) and CTS Corporation (CTS) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIP and CTS?
On 3 years of weekly data the AIP/CTS correlation comes out at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.57). The 5-year figure is 0.40, and annualized covariance runs at 1227.5 %².
In AIP's tracked universe of 13 assets, CTS sits right near the top at #3. Correlation aside, the last 12 months split them widely, with AIP ahead by 107.6 points (+143.4% versus +35.8%). Risk is not evenly split, since AIP carries 2.0 times the volatility of the other side.
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.
AIP vs CTS: side by side
| AIP (Arteris, Inc.) | CTS (CTS Corporation) | |
|---|---|---|
| 1-year return | +143.4% | +35.8% |
| 5-year return | +29.7% | +63.4% |
| Volatility (ann.) | 65.6% | 33.0% |
| Beta vs S&P 500 | 2.01 | 1.40 |
| Max drawdown (3Y) | -54.5% | -40.6% |
| Market cap | $1.2B | $1.6B |
| P/E (trailing) | – | 23.8 |
| Dividend yield | 0.00% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIP | CTS |
|---|---|---|
| 2022 | -79.6% | +7.8% |
| 2023 | +37.0% | +11.4% |
| 2024 | +73.0% | +20.9% |
| 2025 | +52.1% | -18.4% |
| 2026 | +52.3% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIP and CTS good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AIP and CTS?
The AIP/CTS correlation stands at 0.57 on a 3-year window (1 year: 0.40, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is CTS a good diversifier for AIP?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/aip-vs-cts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aip-vs-cts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIP correlations · CTS correlations
