CDT vs TSLA: Correlation
Measured on weekly returns over the past three years, CDT Equity Inc. (CDT) and Tesla, Inc. (TSLA) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and TSLA?
Across a 3-year window, the weekly returns of CDT and TSLA correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.18 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -5380.8 %².
Among the 20 assets we track against CDT, TSLA ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TSLA ahead by 100.8 points (-99.3% versus +1.5%). One caveat on sizing: CDT is 10.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TSLA: side by side
| CDT (CDT Equity Inc.) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | -99.3% | +1.5% |
| 5-year return | -100.0% | +45.6% |
| Volatility (ann.) | 546.1% | 53.9% |
| Beta vs S&P 500 | 0.29 | 1.87 |
| Max drawdown (3Y) | -100.0% | -53.8% |
| Market cap | – | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CDT | TSLA |
|---|---|---|
| 2022 | – | -65.0% |
| 2023 | -55.6% | +101.7% |
| 2024 | -98.5% | +62.5% |
| 2025 | -99.8% | +11.4% |
| 2026 | -94.1% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and TSLA good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDT and TSLA?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.42 over the last year and -0.14 over 5 years.
Is TSLA a good diversifier for CDT?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdt-vs-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdt-vs-tsla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDT correlations · TSLA correlations
