CAC vs TIPT: Correlation
Camden National Corporation (CAC) and Tiptree Inc. (TIPT) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and TIPT?
Across a 3-year window, the weekly returns of CAC and TIPT correlate at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.51 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 495.2 %².
By 3-year correlation, TIPT places #17 of the 24 assets tracked against CAC. The last year tells two different stories: CAC led by 64.6 percentage points, +43.3% for CAC against -21.3% for TIPT.
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.
CAC vs TIPT: side by side
| CAC (Camden National Corporation) | TIPT (Tiptree Inc.) | |
|---|---|---|
| 1-year return | +43.3% | -21.3% |
| 5-year return | +51.3% | +95.1% |
| Volatility (ann.) | 29.0% | 33.5% |
| Beta vs S&P 500 | 0.87 | 0.71 |
| Max drawdown (3Y) | -26.0% | -37.9% |
| Market cap | $1.0B | $0.7B |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 2.97% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | TIPT |
|---|---|---|
| 2022 | -10.3% | +1.4% |
| 2023 | -5.0% | +38.8% |
| 2024 | +19.1% | +12.8% |
| 2025 | +5.8% | -11.4% |
| 2026 | +34.5% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and TIPT good diversifiers for each other?
Only partially. A correlation of 0.51 means CAC and TIPT 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 CAC and TIPT?
As of 2026-08-27, the correlation of weekly returns between CAC and TIPT is 0.51 over 3 years, 0.26 over 1 year and 0.31 over 5 years.
Is TIPT a good diversifier for CAC?
Only partially. A correlation of 0.51 means CAC and TIPT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/cac-vs-tipt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cac-vs-tipt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAC correlations · TIPT correlations
