CDRE vs TTEK: Correlation
How closely do Cadre Holdings, Inc. (CDRE) and Tetra Tech, Inc. (TTEK) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDRE and TTEK?
On 3 years of weekly data the CDRE/TTEK correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 424.9 %².
Among the 10 assets we track against CDRE, TTEK ranks #5 by 3-year correlation. Their 12-month results are close: +1.5% for CDRE against -0.1% for TTEK.
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 TTEK: side by side
| CDRE (Cadre Holdings, Inc.) | TTEK (Tetra Tech, Inc.) | |
|---|---|---|
| 1-year return | +1.5% | -0.1% |
| 5-year return | +116.1% | +32.3% |
| Volatility (ann.) | 36.9% | 30.3% |
| Beta vs S&P 500 | 0.81 | 0.54 |
| Max drawdown (3Y) | -40.6% | -47.5% |
| Market cap | $1.3B | $9.4B |
| P/E (trailing) | 38.4 | 22.1 |
| Dividend yield | 1.24% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDRE | TTEK |
|---|---|---|
| 2022 | -19.7% | -14.0% |
| 2023 | +65.5% | +15.7% |
| 2024 | -0.8% | +20.0% |
| 2025 | +27.8% | -15.2% |
| 2026 | -23.1% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDRE and TTEK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CDRE and TTEK?
The CDRE/TTEK correlation stands at 0.38 on a 3-year window (1 year: 0.31, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TTEK a good diversifier for CDRE?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/cdre-vs-ttek.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdre-vs-ttek/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDRE correlations · TTEK correlations
