AMH vs CWST: Correlation
American Homes 4 Rent (AMH) and Casella Waste Systems, Inc. (CWST) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and CWST?
Over the past 3 years, AMH and CWST moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 268.0 %².
By 3-year correlation, CWST places #7 of the 12 assets tracked against AMH. The trailing year gives AMH the advantage: -2.1% versus -7.1%, a 5.0-point spread.
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 CWST: side by side
| AMH (American Homes 4 Rent) | CWST (Casella Waste Systems, Inc.) | |
|---|---|---|
| 1-year return | -2.1% | -7.1% |
| 5-year return | -8.5% | +25.0% |
| Volatility (ann.) | 21.1% | 26.7% |
| Beta vs S&P 500 | 0.43 | 0.40 |
| Max drawdown (3Y) | -29.7% | -37.7% |
| Market cap | – | $5.9B |
| P/E (trailing) | 27.2 | 1162.5 |
| Dividend yield | 3.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMH | CWST |
|---|---|---|
| 2022 | -29.5% | -7.2% |
| 2023 | +22.4% | +7.8% |
| 2024 | +7.0% | +23.8% |
| 2025 | -11.1% | -7.4% |
| 2026 | +6.4% | -5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and CWST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMH and CWST?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.58 over the last year and 0.47 over 5 years.
Is CWST a good diversifier for AMH?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amh-vs-cwst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amh-vs-cwst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMH correlations · CWST correlations
