AIV vs CPT: Correlation
How closely do Apartment Investment and Management Company (AIV) and Camden Property Trust (CPT) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIV and CPT?
Over the past 3 years, AIV and CPT moved with a correlation of 0.62, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.62 over 3 years. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 310.7 %².
By 3-year correlation, CPT places #4 of the 10 assets tracked against AIV. On 12-month performance CPT holds a 14.5-point edge, -14.9% against -0.4%.
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.
AIV vs CPT: side by side
| AIV (Apartment Investment and Management Company) | CPT (Camden Property Trust) | |
|---|---|---|
| 1-year return | -14.9% | -0.4% |
| 5-year return | +1.3% | -15.4% |
| Volatility (ann.) | 23.7% | 21.3% |
| Beta vs S&P 500 | 0.73 | 0.55 |
| Max drawdown (3Y) | -27.9% | -21.7% |
| Market cap | $0.4B | $12.2B |
| P/E (trailing) | 22.8 | 35.5 |
| Dividend yield | 0.00% | 3.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AIV | CPT |
|---|---|---|
| 2022 | -7.6% | -35.6% |
| 2023 | +10.0% | -7.6% |
| 2024 | +16.1% | +21.3% |
| 2025 | -2.2% | -1.5% |
| 2026 | -19.1% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIV and CPT good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIV and CPT?
As of 2026-08-27, the correlation of weekly returns between AIV and CPT is 0.62 over 3 years, 0.44 over 1 year and 0.63 over 5 years.
Is CPT a good diversifier for AIV?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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: AIV correlations · CPT correlations
