ARBE vs CGO: Correlation
Arbe Robotics Ltd. (ARBE) and Calamos Global Total Return Fund - Closed End Fund (CGO) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBE and CGO?
Across a 3-year window, the weekly returns of ARBE and CGO correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.27, with an annualized covariance of 714.3 %².
By 3-year correlation, CGO places #4 of the 14 assets tracked against ARBE. The last year tells two different stories: CGO led by 74.2 percentage points, -52.1% for ARBE against +22.1% for CGO. Risk is not evenly split, since ARBE carries 4.6 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.
ARBE vs CGO: side by side
| ARBE (Arbe Robotics Ltd.) | CGO (Calamos Global Total Return Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | -52.1% | +22.1% |
| 5-year return | -93.4% | +21.0% |
| Volatility (ann.) | 87.7% | 19.2% |
| Beta vs S&P 500 | 2.41 | 1.04 |
| Max drawdown (3Y) | -86.1% | -26.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 2.9 |
| Dividend yield | 0.00% | 7.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARBE | CGO |
|---|---|---|
| 2022 | -63.3% | -36.6% |
| 2023 | -36.1% | +14.0% |
| 2024 | -14.7% | +36.8% |
| 2025 | -36.6% | +8.9% |
| 2026 | -43.6% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBE and CGO good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARBE and CGO?
The ARBE/CGO correlation stands at 0.42 on a 3-year window (1 year: 0.39, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is CGO a good diversifier for ARBE?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arbe-vs-cgo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arbe-vs-cgo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARBE correlations · CGO correlations
