CDT vs FFAI: Correlation
How closely do CDT Equity Inc. (CDT) and Faraday Future Intelligent Electric Inc. (FFAI) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and FFAI?
Across a 3-year window, the weekly returns of CDT and FFAI correlate at 0.85, very strong, meaning they move nearly in lockstep. Lately the two have moved closer together, with the 1-year correlation at 0.99 versus 0.85 over 3 years. Stretching to 5 years gives 0.85, with an annualized covariance of 1399782.8 %².
Within CDT's tracked universe of 20 assets, FFAI comes in at #7 by 3-year correlation. The last year tells two different stories: FFAI led by 97.2 percentage points, -99.3% for CDT against -2.1% for FFAI. Note the risk asymmetry: FFAI runs 5.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CDT vs FFAI: side by side
| CDT (CDT Equity Inc.) | FFAI (Faraday Future Intelligent Electric Inc.) | |
|---|---|---|
| 1-year return | -99.3% | -2.1% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 546.1% | 3004.8% |
| Beta vs S&P 500 | 0.29 | -1.32 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDT | FFAI |
|---|---|---|
| 2022 | – | -94.5% |
| 2023 | -55.6% | -99.0% |
| 2024 | -98.5% | -91.2% |
| 2025 | -99.8% | -58.0% |
| 2026 | -94.1% | +128.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and FFAI good diversifiers for each other?
No. With a correlation of 0.85, CDT and FFAI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CDT and FFAI?
The CDT/FFAI correlation stands at 0.85 on a 3-year window (1 year: 0.99, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is FFAI a good diversifier for CDT?
No. With a correlation of 0.85, CDT and FFAI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
A reading of 0.85 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/cdt-vs-ffai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdt-vs-ffai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDT correlations · FFAI correlations
