CBRE vs GSHD: Correlation
How closely do CBRE Group (CBRE) and Goosehead Insurance, Inc. (GSHD) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and GSHD?
Over the past 3 years, CBRE and GSHD moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 876.9 %².
Within CBRE's tracked universe of 41 assets, GSHD comes in at #25 by 3-year correlation. Over the last 12 months CBRE came out ahead by 8.8 percentage points (-9.7% against -18.5%). Risk is not evenly split, since GSHD carries 1.8 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.
CBRE vs GSHD: side by side
| CBRE (CBRE Group) | GSHD (Goosehead Insurance, Inc.) | |
|---|---|---|
| 1-year return | -9.7% | -18.5% |
| 5-year return | +53.3% | -47.2% |
| Volatility (ann.) | 30.4% | 55.1% |
| Beta vs S&P 500 | 1.04 | 0.42 |
| Max drawdown (3Y) | -27.4% | -72.2% |
| Market cap | $42.6B | $2.5B |
| P/E (trailing) | 34.4 | 51.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CBRE | GSHD |
|---|---|---|
| 2022 | -29.1% | -73.6% |
| 2023 | +21.0% | +120.7% |
| 2024 | +41.0% | +41.5% |
| 2025 | +22.5% | -27.4% |
| 2026 | -8.4% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and GSHD good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CBRE and GSHD?
The CBRE/GSHD correlation stands at 0.52 on a 3-year window (1 year: 0.58, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is GSHD a good diversifier for CBRE?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/cbre-vs-gshd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbre-vs-gshd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBRE correlations · GSHD correlations
