CD vs KBR: Correlation
How closely do Chaince Digital Holdings Inc. - American (CD) and KBR, Inc. (KBR) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CD and KBR?
On 3 years of weekly data the CD/KBR correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.21 over 3. The 5-year figure is -0.09, and annualized covariance runs at -1175.0 %².
KBR is close to the least connected end of CD's tracked universe, ranking #14 of 15. Over the last 12 months KBR came out ahead by 15.0 percentage points (-39.8% against -24.8%). One caveat on sizing: CD is 6.4 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.
CD vs KBR: side by side
| CD (Chaince Digital Holdings Inc. - American) | KBR (KBR, Inc.) | |
|---|---|---|
| 1-year return | -39.8% | -24.8% |
| 5-year return | +1.2% | +4.0% |
| Volatility (ann.) | 189.9% | 29.9% |
| Beta vs S&P 500 | 1.02 | 0.62 |
| Max drawdown (3Y) | -92.6% | -57.4% |
| Market cap | $0.4B | $4.8B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CD | KBR |
|---|---|---|
| 2022 | -64.8% | +11.9% |
| 2023 | +109.5% | +5.9% |
| 2024 | +162.7% | +5.6% |
| 2025 | -27.2% | -29.7% |
| 2026 | -31.2% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CD and KBR good diversifiers for each other?
Yes. With a correlation of -0.21, CD and KBR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CD and KBR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.14 over the last year and -0.09 over 5 years.
Is KBR a good diversifier for CD?
Yes. With a correlation of -0.21, CD and KBR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cd-vs-kbr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cd-vs-kbr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CD correlations · KBR correlations
