CBRE vs CIGI: Correlation
Measured on weekly returns over the past three years, CBRE Group (CBRE) and Colliers International Group Inc. - Subordinate Voting (CIGI) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and CIGI?
Over the past 3 years, CBRE and CIGI moved with a correlation of 0.79, which is strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 736.4 %².
Within CBRE's tracked universe of 41 assets, CIGI comes in at #4 by 3-year correlation. The last year tells two different stories: CBRE led by 28.2 percentage points, -9.7% for CBRE against -37.9% for CIGI.
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.
CBRE vs CIGI: side by side
| CBRE (CBRE Group) | CIGI (Colliers International Group Inc. - Subordinate Voting) | |
|---|---|---|
| 1-year return | -9.7% | -37.9% |
| 5-year return | +53.3% | -24.2% |
| Volatility (ann.) | 30.4% | 30.6% |
| Beta vs S&P 500 | 1.04 | 0.98 |
| Max drawdown (3Y) | -27.4% | -47.5% |
| Market cap | $42.6B | $5.3B |
| P/E (trailing) | 34.4 | 48.8 |
| Dividend yield | 0.00% | 0.29% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CBRE | CIGI |
|---|---|---|
| 2022 | -29.1% | -37.9% |
| 2023 | +21.0% | +37.8% |
| 2024 | +41.0% | +7.7% |
| 2025 | +22.5% | +8.4% |
| 2026 | -8.4% | -29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and CIGI good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CBRE and CIGI?
As of 2026-08-27, the correlation of weekly returns between CBRE and CIGI is 0.79 over 3 years, 0.76 over 1 year and 0.78 over 5 years.
Is CIGI a good diversifier for CBRE?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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.
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Related comparisons
Hubs: CBRE correlations · CIGI correlations
