CBRE vs PLD: Correlation
Measured on weekly returns over the past three years, CBRE Group (CBRE) and Prologis (PLD) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and PLD?
Across a 3-year window, the weekly returns of CBRE and PLD correlate at 0.57, moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.57). Stretching to 5 years gives 0.57, with an annualized covariance of 446.0 %².
Among the 41 assets we track against CBRE, PLD ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLD outperformed by 39.7 percentage points (-9.7% for CBRE against +30.0% for PLD). The rolling one-year correlation moved between 0.43 and 0.73 over the past three years, a moderate range.
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 PLD: side by side
| CBRE (CBRE Group) | PLD (Prologis) | |
|---|---|---|
| 1-year return | -9.7% | +30.0% |
| 5-year return | +53.3% | +22.5% |
| Volatility (ann.) | 30.4% | 25.8% |
| Beta vs S&P 500 | 1.04 | 0.90 |
| Max drawdown (3Y) | -27.4% | -31.4% |
| Market cap | $42.6B | $137.9B |
| P/E (trailing) | 34.4 | 31.7 |
| Dividend yield | 0.00% | 2.92% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | CBRE | PLD |
|---|---|---|
| 2022 | -29.1% | -31.3% |
| 2023 | +21.0% | +21.6% |
| 2024 | +41.0% | -18.1% |
| 2025 | +22.5% | +25.1% |
| 2026 | -8.4% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and PLD good diversifiers for each other?
Only partially. A correlation of 0.57 means CBRE and PLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CBRE and PLD?
As of 2026-08-27, the correlation of weekly returns between CBRE and PLD is 0.57 over 3 years, 0.42 over 1 year and 0.57 over 5 years.
Is PLD a good diversifier for CBRE?
Only partially. A correlation of 0.57 means CBRE and PLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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-pld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbre-vs-pld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBRE correlations · PLD correlations
