CBRE vs WY: Correlation
How closely do CBRE Group (CBRE) and Weyerhaeuser (WY) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and WY?
Over the past 3 years, CBRE and WY moved with a correlation of 0.55, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.55 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 412.4 %².
By 3-year correlation, WY places #21 of the 41 assets tracked against CBRE. Neither side won the trailing year by much: -9.7% against -6.1%. This link changes with the market regime, having swung between 0.23 and 0.80 on a rolling one-year basis.
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 WY: side by side
| CBRE (CBRE Group) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -9.7% | -6.1% |
| 5-year return | +53.3% | -19.5% |
| Volatility (ann.) | 30.4% | 24.8% |
| Beta vs S&P 500 | 1.04 | 0.64 |
| Max drawdown (3Y) | -27.4% | -38.0% |
| Market cap | $42.6B | $17.1B |
| P/E (trailing) | 34.4 | 36.5 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | CBRE | WY |
|---|---|---|
| 2022 | -29.1% | -20.4% |
| 2023 | +21.0% | +18.0% |
| 2024 | +41.0% | -16.6% |
| 2025 | +22.5% | -13.0% |
| 2026 | -8.4% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and WY good diversifiers for each other?
Only partially. A correlation of 0.55 means CBRE and WY 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 WY?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.24 over the last year and 0.55 over 5 years.
Is WY a good diversifier for CBRE?
Only partially. A correlation of 0.55 means CBRE and WY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbre-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBRE correlations · WY correlations
