AIRE vs CWD: Correlation
How closely do reAlpha Tech Corp. (AIRE) and CaliberCos Inc. (CWD) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRE and CWD?
Over the past 3 years, AIRE and CWD moved with a correlation of 0.54, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.82 versus 0.54 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 24666.1 %².
CWD is one of the assets that tracks AIRE most closely: it ranks #3 out of the 18 assets we track against AIRE. Over the last 12 months CWD came out ahead by 13.9 percentage points (-80.4% against -66.5%).
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.
AIRE vs CWD: side by side
| AIRE (reAlpha Tech Corp.) | CWD (CaliberCos Inc.) | |
|---|---|---|
| 1-year return | -80.4% | -66.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 227.0% | 194.6% |
| Beta vs S&P 500 | 2.00 | 1.40 |
| Max drawdown (3Y) | -100.0% | -98.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRE | CWD |
|---|---|---|
| 2024 | +45.2% | -45.8% |
| 2025 | -85.6% | -91.1% |
| 2026 | -83.8% | -54.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRE and CWD good diversifiers for each other?
Only partially. A correlation of 0.54 means AIRE and CWD 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 AIRE and CWD?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.82 over the last year and n/a over 5 years.
Is CWD a good diversifier for AIRE?
Only partially. A correlation of 0.54 means AIRE and CWD 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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AIRE correlations · CWD correlations
