CBRE vs HURA: Correlation
CBRE Group (CBRE) and TuHURA Biosciences, Inc. (HURA) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and HURA?
Across a 3-year window, the weekly returns of CBRE and HURA correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (-0.17). Stretching to 5 years gives -0.06, with an annualized covariance of -784.4 %².
Within CBRE's tracked universe of 41 assets, HURA comes in at #34 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CBRE outperformed by 16.9 percentage points (-9.7% for CBRE against -26.6% for HURA). Note the risk asymmetry: HURA runs 5.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HURA: side by side
| CBRE (CBRE Group) | HURA (TuHURA Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -9.7% | -26.6% |
| 5-year return | +53.3% | -99.9% |
| Volatility (ann.) | 30.4% | 152.6% |
| Beta vs S&P 500 | 1.04 | 0.27 |
| Max drawdown (3Y) | -27.4% | -99.7% |
| Market cap | $42.6B | $0.1B |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CBRE | HURA |
|---|---|---|
| 2022 | -29.1% | -73.0% |
| 2023 | +21.0% | -97.5% |
| 2024 | +41.0% | -31.3% |
| 2025 | +22.5% | -81.5% |
| 2026 | -8.4% | +181.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and HURA good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CBRE and HURA?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.28 over the last year and -0.06 over 5 years.
Is HURA a good diversifier for CBRE?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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/cbre-vs-hura.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbre-vs-hura/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBRE correlations · HURA correlations
