CDT vs SAFT: Correlation
CDT Equity Inc. (CDT) and Safety Insurance Group, Inc. (SAFT) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and SAFT?
Across a 3-year window, the weekly returns of CDT and SAFT correlate at 0.68, strong. The past 12 months show a tighter link (0.88) than the 3-year average (0.68). Stretching to 5 years gives 0.60, with an annualized covariance of 11494.8 %².
Among the 20 assets we track against CDT, SAFT ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SAFT outperformed by 148.1 percentage points (-99.3% for CDT against +48.8% for SAFT). Note the risk asymmetry: CDT runs 17.7 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 SAFT: side by side
| CDT (CDT Equity Inc.) | SAFT (Safety Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | -99.3% | +48.8% |
| 5-year return | -100.0% | +58.1% |
| Volatility (ann.) | 546.1% | 30.8% |
| Beta vs S&P 500 | 0.29 | 0.17 |
| Max drawdown (3Y) | -100.0% | -20.1% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 3.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDT | SAFT |
|---|---|---|
| 2022 | – | +3.1% |
| 2023 | -55.6% | -5.4% |
| 2024 | -98.5% | +13.3% |
| 2025 | -99.8% | -0.8% |
| 2026 | -94.1% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and SAFT good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CDT and SAFT?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.88 over the last year and 0.60 over 5 years.
Is SAFT a good diversifier for CDT?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/cdt-vs-saft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdt-vs-saft/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDT correlations · SAFT correlations
