CCI vs CKX: Correlation
Crown Castle (CCI) and CKX Lands, Inc. (CKX) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and CKX?
Across a 3-year window, the weekly returns of CCI and CKX correlate at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.16 over 3. Stretching to 5 years gives -0.07, with an annualized covariance of -115.8 %².
CKX is close to the least connected end of CCI's tracked universe, ranking #26 of 30. The last year tells two different stories: CKX led by 16.4 percentage points, -21.5% for CCI against -5.1% for CKX.
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.
CCI vs CKX: side by side
| CCI (Crown Castle) | CKX (CKX Lands, Inc.) | |
|---|---|---|
| 1-year return | -21.5% | -5.1% |
| 5-year return | -50.4% | -7.1% |
| Volatility (ann.) | 28.4% | 25.7% |
| Beta vs S&P 500 | 0.22 | 0.01 |
| Max drawdown (3Y) | -33.0% | -37.0% |
| Market cap | $32.8B | – |
| P/E (trailing) | 30.9 | 7.5 |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | CKX |
|---|---|---|
| 2022 | -32.6% | -11.2% |
| 2023 | -10.2% | +30.3% |
| 2024 | -16.4% | -2.8% |
| 2025 | +3.0% | -27.4% |
| 2026 | -13.5% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and CKX good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCI and CKX?
The CCI/CKX correlation stands at -0.16 on a 3-year window (1 year: -0.26, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is CKX a good diversifier for CCI?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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/cci-vs-ckx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cci-vs-ckx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCI correlations · CKX correlations
