AMZN vs CSQ: Correlation
Measured on weekly returns over the past three years, Amazon (AMZN) and Calamos Strategic Total Return Fund - Closed End Fund (CSQ) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and CSQ?
Over the past 3 years, AMZN and CSQ moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 378.8 %².
Among the 38 assets we track against AMZN, CSQ ranks #13 by 3-year correlation. The trailing year gives CSQ the advantage: +11.8% versus +21.4%, a 9.6-point spread. Risk is not evenly split, since AMZN carries 1.6 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.
AMZN vs CSQ: side by side
| AMZN (Amazon) | CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | +11.8% | +21.4% |
| 5-year return | +49.8% | +64.2% |
| Volatility (ann.) | 31.0% | 18.8% |
| Beta vs S&P 500 | 1.48 | 1.22 |
| Max drawdown (3Y) | -30.9% | -24.2% |
| Market cap | $2,764.1B | $3.4B |
| P/E (trailing) | 20.9 | 3.2 |
| Dividend yield | 0.00% | 2.95% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | AMZN | CSQ |
|---|---|---|
| 2022 | -49.6% | -24.2% |
| 2023 | +80.9% | +20.9% |
| 2024 | +44.4% | +28.2% |
| 2025 | +5.2% | +16.3% |
| 2026 | +11.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and CSQ good diversifiers for each other?
Only partially. A correlation of 0.65 means AMZN and CSQ 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 AMZN and CSQ?
The AMZN/CSQ correlation stands at 0.65 on a 3-year window (1 year: 0.59, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is CSQ a good diversifier for AMZN?
Only partially. A correlation of 0.65 means AMZN and CSQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 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
$ curl https://www.pairbook.io/api/v1/pairs/amzn-vs-csq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amzn-vs-csq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMZN correlations · CSQ correlations
