CCI vs MEGI: Correlation
Crown Castle (CCI) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and MEGI?
Over the past 3 years, CCI and MEGI moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 316.8 %².
By 3-year correlation, MEGI places #10 of the 30 assets tracked against CCI. The last year tells two different stories: MEGI led by 36.2 percentage points, -21.5% for CCI against +14.7% for MEGI.
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 MEGI: side by side
| CCI (Crown Castle) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | -21.5% | +14.7% |
| 5-year return | -50.4% | +20.7% |
| Volatility (ann.) | 28.4% | 19.4% |
| Beta vs S&P 500 | 0.22 | 0.49 |
| Max drawdown (3Y) | -33.0% | -17.4% |
| Market cap | $32.8B | $0.8B |
| P/E (trailing) | 30.9 | 4.9 |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | MEGI |
|---|---|---|
| 2022 | -32.6% | -23.3% |
| 2023 | -10.2% | +5.5% |
| 2024 | -16.4% | +5.2% |
| 2025 | +3.0% | +26.2% |
| 2026 | -13.5% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and MEGI good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CCI and MEGI?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.51 over the last year and 0.53 over 5 years.
Is MEGI a good diversifier for CCI?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/cci-vs-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cci-vs-megi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCI correlations · MEGI correlations
