AMH vs CPT: Correlation
Measured on weekly returns over the past three years, American Homes 4 Rent (AMH) and Camden Property Trust (CPT) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and CPT?
Across a 3-year window, the weekly returns of AMH and CPT correlate at 0.72, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 321.8 %².
Among the 12 assets we track against AMH, CPT ranks #4 by 3-year correlation. Their 12-month results are close: -2.1% for AMH against -0.4% for CPT.
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.
AMH vs CPT: side by side
| AMH (American Homes 4 Rent) | CPT (Camden Property Trust) | |
|---|---|---|
| 1-year return | -2.1% | -0.4% |
| 5-year return | -8.5% | -15.4% |
| Volatility (ann.) | 21.1% | 21.3% |
| Beta vs S&P 500 | 0.43 | 0.55 |
| Max drawdown (3Y) | -29.7% | -21.7% |
| Market cap | – | $12.2B |
| P/E (trailing) | 27.2 | 35.5 |
| Dividend yield | 3.69% | 3.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AMH | CPT |
|---|---|---|
| 2022 | -29.5% | -35.6% |
| 2023 | +22.4% | -7.6% |
| 2024 | +7.0% | +21.3% |
| 2025 | -11.1% | -1.5% |
| 2026 | +6.4% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and CPT good diversifiers for each other?
Only partially. A correlation of 0.72 means AMH and CPT 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 AMH and CPT?
As of 2026-08-27, the correlation of weekly returns between AMH and CPT is 0.72 over 3 years, 0.78 over 1 year and 0.75 over 5 years.
Is CPT a good diversifier for AMH?
Only partially. A correlation of 0.72 means AMH and CPT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
A reading of 0.72 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
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Related comparisons
Hubs: AMH correlations · CPT correlations
