CBRE vs NMRK: Correlation
Measured on weekly returns over the past three years, CBRE Group (CBRE) and Newmark Group, Inc. (NMRK) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and NMRK?
Across a 3-year window, the weekly returns of CBRE and NMRK correlate at 0.81, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Stretching to 5 years gives 0.77, with an annualized covariance of 1067.1 %².
Few assets follow CBRE as closely as NMRK, which ranks #3 of 41 tracked partners. Their 12-month results are close: -9.7% for CBRE against -13.8% for NMRK.
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 NMRK: side by side
| CBRE (CBRE Group) | NMRK (Newmark Group, Inc.) | |
|---|---|---|
| 1-year return | -9.7% | -13.8% |
| 5-year return | +53.3% | +23.3% |
| Volatility (ann.) | 30.4% | 43.4% |
| Beta vs S&P 500 | 1.04 | 1.49 |
| Max drawdown (3Y) | -27.4% | -36.6% |
| Market cap | $42.6B | $3.8B |
| P/E (trailing) | 34.4 | 19.7 |
| Dividend yield | 0.00% | 0.95% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CBRE | NMRK |
|---|---|---|
| 2022 | -29.1% | -57.0% |
| 2023 | +21.0% | +39.9% |
| 2024 | +41.0% | +18.1% |
| 2025 | +22.5% | +36.5% |
| 2026 | -8.4% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and NMRK good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CBRE and NMRK?
The CBRE/NMRK correlation stands at 0.81 on a 3-year window (1 year: 0.79, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is NMRK a good diversifier for CBRE?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbre-vs-nmrk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbre-vs-nmrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBRE correlations · NMRK correlations
