AZN vs CXW: Correlation
AstraZeneca PLC (AZN) and CoreCivic, Inc. (CXW) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZN and CXW?
Across a 3-year window, the weekly returns of AZN and CXW correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -287.1 %².
Among the 14 assets we track against AZN, CXW sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with CXW ahead by 60.5 points (+4.0% versus +64.5%). Note the risk asymmetry: CXW runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AZN vs CXW: side by side
| AZN (AstraZeneca PLC) | CXW (CoreCivic, Inc.) | |
|---|---|---|
| 1-year return | +4.0% | +64.5% |
| 5-year return | +54.7% | +251.2% |
| Volatility (ann.) | 25.1% | 53.5% |
| Beta vs S&P 500 | 0.21 | 0.94 |
| Max drawdown (3Y) | -27.9% | -32.6% |
| Market cap | $255.2B | $3.3B |
| P/E (trailing) | 24.9 | 27.0 |
| Dividend yield | 1.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZN | CXW |
|---|---|---|
| 2022 | +19.2% | +15.9% |
| 2023 | +1.4% | +25.7% |
| 2024 | -0.6% | +49.6% |
| 2025 | +43.3% | -12.1% |
| 2026 | -9.6% | +76.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZN and CXW good diversifiers for each other?
Yes. With a correlation of -0.21, AZN and CXW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AZN and CXW?
As of 2026-08-27, the correlation of weekly returns between AZN and CXW is -0.21 over 3 years, -0.17 over 1 year and -0.03 over 5 years.
Is CXW a good diversifier for AZN?
Yes. With a correlation of -0.21, AZN and CXW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/azn-vs-cxw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/azn-vs-cxw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AZN correlations · CXW correlations
