BHM vs CSGP: Correlation
How closely do Bluerock Homes Trust, Inc. (BHM) and CoStar Group (CSGP) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and CSGP?
On 3 years of weekly data the BHM/CSGP correlation comes out at 0.25, weak. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 384.0 %².
Within BHM's tracked universe of 18 assets, CSGP comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BHM ahead by 30.5 points (-34.5% versus -65.0%).
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.
BHM vs CSGP: side by side
| BHM (Bluerock Homes Trust, Inc.) | CSGP (CoStar Group) | |
|---|---|---|
| 1-year return | -34.5% | -65.0% |
| 5-year return | n/a | -62.7% |
| Volatility (ann.) | 41.3% | 36.5% |
| Beta vs S&P 500 | 0.13 | 0.86 |
| Max drawdown (3Y) | -54.9% | -72.2% |
| Market cap | $0.1B | $12.7B |
| P/E (trailing) | – | 174.1 |
| Dividend yield | 5.85% | 0.00% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | BHM | CSGP |
|---|---|---|
| 2022 | – | -2.2% |
| 2023 | -29.7% | +13.1% |
| 2024 | -5.1% | -18.1% |
| 2025 | -15.9% | -6.1% |
| 2026 | -19.4% | -53.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and CSGP good diversifiers for each other?
Reasonably. At 0.25, BHM and CSGP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BHM and CSGP?
The BHM/CSGP correlation stands at 0.25 on a 3-year window (1 year: 0.33, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is CSGP a good diversifier for BHM?
Reasonably. At 0.25, BHM and CSGP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 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
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Related comparisons
Hubs: BHM correlations · CSGP correlations
