CDRE vs KBR: Correlation
Cadre Holdings, Inc. (CDRE) and KBR, Inc. (KBR) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDRE and KBR?
On 3 years of weekly data the CDRE/KBR correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 473.8 %².
In CDRE's tracked universe of 10 assets, KBR sits right near the top at #1. The last year tells two different stories: CDRE led by 26.3 percentage points, +1.5% for CDRE against -24.8% for KBR.
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.
CDRE vs KBR: side by side
| CDRE (Cadre Holdings, Inc.) | KBR (KBR, Inc.) | |
|---|---|---|
| 1-year return | +1.5% | -24.8% |
| 5-year return | +116.1% | +4.0% |
| Volatility (ann.) | 36.9% | 29.9% |
| Beta vs S&P 500 | 0.81 | 0.62 |
| Max drawdown (3Y) | -40.6% | -57.4% |
| Market cap | $1.3B | $4.8B |
| P/E (trailing) | 38.4 | 11.5 |
| Dividend yield | 1.24% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDRE | KBR |
|---|---|---|
| 2022 | -19.7% | +11.9% |
| 2023 | +65.5% | +5.9% |
| 2024 | -0.8% | +5.6% |
| 2025 | +27.8% | -29.7% |
| 2026 | -23.1% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDRE and KBR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CDRE and KBR?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.44 over the last year and 0.33 over 5 years.
Is KBR a good diversifier for CDRE?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/cdre-vs-kbr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdre-vs-kbr/)
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Related comparisons
Hubs: CDRE correlations · KBR correlations
