CDT vs MSCI: Correlation
CDT Equity Inc. (CDT) and MSCI (MSCI) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and MSCI?
Over the past 3 years, CDT and MSCI moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.28 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -3887.3 %².
Out of 20 assets tracked against CDT, MSCI lands near the bottom at #16. The last year tells two different stories: MSCI led by 100.6 percentage points, -99.3% for CDT against +1.3% for MSCI. Risk is not evenly split, since CDT carries 21.5 times the volatility of the other side.
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 MSCI: side by side
| CDT (CDT Equity Inc.) | MSCI (MSCI) | |
|---|---|---|
| 1-year return | -99.3% | +1.3% |
| 5-year return | -100.0% | -5.6% |
| Volatility (ann.) | 546.1% | 25.4% |
| Beta vs S&P 500 | 0.29 | 0.85 |
| Max drawdown (3Y) | -100.0% | -26.0% |
| Market cap | – | $41.4B |
| P/E (trailing) | – | 30.9 |
| Dividend yield | 0.00% | 1.36% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CDT | MSCI |
|---|---|---|
| 2022 | – | -23.3% |
| 2023 | -55.6% | +22.9% |
| 2024 | -98.5% | +7.3% |
| 2025 | -99.8% | -3.2% |
| 2026 | -94.1% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and MSCI good diversifiers for each other?
Yes. With a correlation of -0.28, CDT and MSCI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDT and MSCI?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.44 over the last year and -0.20 over 5 years.
Is MSCI a good diversifier for CDT?
Yes. With a correlation of -0.28, CDT and MSCI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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-msci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdt-vs-msci/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDT correlations · MSCI correlations
