CALY vs CUZ: Correlation
How closely do Callaway Golf Company (CALY) and Cousins Properties Incorporated (CUZ) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALY and CUZ?
Across a 3-year window, the weekly returns of CALY and CUZ correlate at 0.48, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.48). Stretching to 5 years gives 0.47, with an annualized covariance of 741.8 %².
By 3-year correlation, CUZ places #4 of the 16 assets tracked against CALY. Correlation aside, the last 12 months split them widely, with CALY ahead by 50.6 points (+57.6% versus +7.0%). Risk is not evenly split, since CALY carries 2.0 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.
CALY vs CUZ: side by side
| CALY (Callaway Golf Company) | CUZ (Cousins Properties Incorporated) | |
|---|---|---|
| 1-year return | +57.6% | +7.0% |
| 5-year return | -45.7% | -3.8% |
| Volatility (ann.) | 55.5% | 27.6% |
| Beta vs S&P 500 | 1.11 | 0.82 |
| Max drawdown (3Y) | -68.1% | -29.4% |
| Market cap | $2.8B | $4.9B |
| P/E (trailing) | 36.8 | 737.2 |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALY | CUZ |
|---|---|---|
| 2022 | -28.0% | -34.7% |
| 2023 | -27.4% | +2.0% |
| 2024 | -45.2% | +32.6% |
| 2025 | +48.5% | -12.1% |
| 2026 | +32.3% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALY and CUZ good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CALY and CUZ?
As of 2026-08-27, the correlation of weekly returns between CALY and CUZ is 0.48 over 3 years, 0.61 over 1 year and 0.47 over 5 years.
Is CUZ a good diversifier for CALY?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/caly-vs-cuz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/caly-vs-cuz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CALY correlations · CUZ correlations
