CDT vs WINA: Correlation
CDT Equity Inc. (CDT) and Winmark Corporation (WINA) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and WINA?
On 3 years of weekly data the CDT/WINA correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.24 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -4730.5 %².
By 3-year correlation, WINA places #15 of the 20 assets tracked against CDT. The last year tells two different stories: WINA led by 75.0 percentage points, -99.3% for CDT against -24.3% for WINA. Note the risk asymmetry: CDT runs 15.4 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 WINA: side by side
| CDT (CDT Equity Inc.) | WINA (Winmark Corporation) | |
|---|---|---|
| 1-year return | -99.3% | -24.3% |
| 5-year return | -100.0% | +89.5% |
| Volatility (ann.) | 546.1% | 35.4% |
| Beta vs S&P 500 | 0.29 | 0.47 |
| Max drawdown (3Y) | -100.0% | -34.0% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 30.4 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDT | WINA |
|---|---|---|
| 2022 | – | -2.8% |
| 2023 | -55.6% | +82.6% |
| 2024 | -98.5% | -3.3% |
| 2025 | -99.8% | +6.4% |
| 2026 | -94.1% | -16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and WINA good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDT and WINA?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.34 over the last year and -0.22 over 5 years.
Is WINA a good diversifier for CDT?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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 · WINA correlations
