CBRE vs ICE: Correlation
CBRE Group (CBRE) and Intercontinental Exchange (ICE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and ICE?
Across a 3-year window, the weekly returns of CBRE and ICE correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 337.2 %².
Among the 41 assets we track against CBRE, ICE ranks #26 by 3-year correlation. Twelve-month performance is nearly a tie, at -9.7% for CBRE and -7.9% for ICE. On a rolling one-year basis the correlation drifted between 0.45 and 0.72, a moderate band.
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 ICE: side by side
| CBRE (CBRE Group) | ICE (Intercontinental Exchange) | |
|---|---|---|
| 1-year return | -9.7% | -7.9% |
| 5-year return | +53.3% | +44.2% |
| Volatility (ann.) | 30.4% | 21.2% |
| Beta vs S&P 500 | 1.04 | 0.62 |
| Max drawdown (3Y) | -27.4% | -33.9% |
| Market cap | $42.6B | $90.5B |
| P/E (trailing) | 34.4 | 22.7 |
| Dividend yield | 0.00% | 1.24% |
| Sector / category | Real Estate | Financials |
Year-by-year returns
| Year | CBRE | ICE |
|---|---|---|
| 2022 | -29.1% | -23.9% |
| 2023 | +21.0% | +27.1% |
| 2024 | +41.0% | +17.5% |
| 2025 | +22.5% | +9.9% |
| 2026 | -8.4% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and ICE 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 ICE?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.46 over the last year and 0.50 over 5 years.
Is ICE 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-ice.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbre-vs-ice/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBRE correlations · ICE correlations
