CDT vs LESL: Correlation
Measured on weekly returns over the past three years, CDT Equity Inc. (CDT) and Leslie's, Inc. (LESL) 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 CDT and LESL?
On 3 years of weekly data the CDT/LESL correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.22, and annualized covariance runs at -15988.1 %².
Among the 20 assets we track against CDT, LESL ranks #14 by 3-year correlation. The trailing year gives LESL the advantage: -99.3% versus -92.4%, a 6.9-point spread. Note the risk asymmetry: CDT runs 4.3 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 LESL: side by side
| CDT (CDT Equity Inc.) | LESL (Leslie's, Inc.) | |
|---|---|---|
| 1-year return | -99.3% | -92.4% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 546.1% | 125.8% |
| Beta vs S&P 500 | 0.29 | 1.83 |
| Max drawdown (3Y) | -100.0% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDT | LESL |
|---|---|---|
| 2022 | – | -48.4% |
| 2023 | -55.6% | -43.4% |
| 2024 | -98.5% | -67.7% |
| 2025 | -99.8% | -96.3% |
| 2026 | -94.1% | -67.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and LESL good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDT and LESL?
As of 2026-08-27, the correlation of weekly returns between CDT and LESL is -0.23 over 3 years, -0.29 over 1 year and -0.22 over 5 years.
Is LESL a good diversifier for CDT?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: CDT correlations · LESL correlations
