CDP vs EXOD: Correlation
Measured on weekly returns over the past three years, COPT Defense Properties (CDP) and Exodus Movement, Inc. (EXOD) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDP and EXOD?
Across a 3-year window, the weekly returns of CDP and EXOD correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.23 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -918.0 %².
Out of 11 assets tracked against CDP, EXOD lands near the bottom at #10. The last year tells two different stories: CDP led by 100.3 percentage points, +34.4% for CDP against -65.9% for EXOD. One caveat on sizing: EXOD is 9.8 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.
CDP vs EXOD: side by side
| CDP (COPT Defense Properties) | EXOD (Exodus Movement, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | -65.9% |
| 5-year return | +64.2% | -64.9% |
| Volatility (ann.) | 20.1% | 196.6% |
| Beta vs S&P 500 | 0.32 | 0.78 |
| Max drawdown (3Y) | -23.7% | -94.8% |
| Market cap | $4.3B | $0.3B |
| P/E (trailing) | 25.9 | – |
| Dividend yield | 3.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDP | EXOD |
|---|---|---|
| 2022 | -3.3% | -89.5% |
| 2023 | +3.7% | +12.2% |
| 2024 | +26.2% | +1233.9% |
| 2025 | -6.2% | -51.8% |
| 2026 | +36.7% | -37.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDP and EXOD good diversifiers for each other?
Yes. With a correlation of -0.23, CDP and EXOD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDP and EXOD?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.07 over the last year and -0.14 over 5 years.
Is EXOD a good diversifier for CDP?
Yes. With a correlation of -0.23, CDP and EXOD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/cdp-vs-exod.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdp-vs-exod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDP correlations · EXOD correlations
