CBRE vs TFC: Correlation
How closely do CBRE Group (CBRE) and Truist Financial (TFC) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and TFC?
On 3 years of weekly data the CBRE/TFC correlation comes out at 0.64, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.64). The 5-year figure is 0.61, and annualized covariance runs at 544.5 %².
Among the 41 assets we track against CBRE, TFC ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TFC ahead by 21.8 points (-9.7% versus +12.1%). On a rolling one-year basis the correlation drifted between 0.49 and 0.74, 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 TFC: side by side
| CBRE (CBRE Group) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | -9.7% | +12.1% |
| 5-year return | +53.3% | +12.7% |
| Volatility (ann.) | 30.4% | 28.0% |
| Beta vs S&P 500 | 1.04 | 1.07 |
| Max drawdown (3Y) | -27.4% | -26.9% |
| Market cap | $42.6B | $61.4B |
| P/E (trailing) | 34.4 | 11.6 |
| Dividend yield | 0.00% | 4.10% |
| Sector / category | Real Estate | Financials |
Year-by-year returns
| Year | CBRE | TFC |
|---|---|---|
| 2022 | -29.1% | -23.5% |
| 2023 | +21.0% | -8.6% |
| 2024 | +41.0% | +23.7% |
| 2025 | +22.5% | +19.0% |
| 2026 | -8.4% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and TFC good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CBRE and TFC?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.52 over the last year and 0.61 over 5 years.
Is TFC a good diversifier for CBRE?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbre-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBRE correlations · TFC correlations
