CCG vs WLFC: Correlation
Cheche Group Inc. - Class A (CCG) and Willis Lease Finance Corporation (WLFC) show a negative relationship: their 3-year correlation of weekly returns is -0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCG and WLFC?
Over the past 3 years, CCG and WLFC moved with a correlation of -0.60, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.77 versus -0.60 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -58100.5 %².
Among the 10 assets we track against CCG, WLFC sits near the bottom by co-movement, at rank #10. The last year tells two different stories: CCG led by 1924.7 percentage points, +1861.4% for CCG against -63.3% for WLFC. One caveat on sizing: CCG is 25.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCG vs WLFC: side by side
| CCG (Cheche Group Inc. - Class A) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | +1861.4% | -63.3% |
| 5-year return | n/a | +47.2% |
| Volatility (ann.) | 1560.5% | 61.3% |
| Beta vs S&P 500 | -3.24 | 1.30 |
| Max drawdown (3Y) | -99.5% | -77.4% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCG | WLFC |
|---|---|---|
| 2022 | – | +56.7% |
| 2023 | – | -17.2% |
| 2024 | -86.2% | +327.3% |
| 2025 | -6.7% | -34.5% |
| 2026 | +1856.6% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCG and WLFC good diversifiers for each other?
By historical standards, yes. A correlation of -0.60 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCG and WLFC?
The CCG/WLFC correlation stands at -0.60 on a 3-year window (1 year: -0.77, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WLFC a good diversifier for CCG?
By historical standards, yes. A correlation of -0.60 means the two rarely move for the same reasons.
What does a correlation of -0.60 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.
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Related comparisons
Hubs: CCG correlations · WLFC correlations
