CDT vs WLFC: Correlation
Measured on weekly returns over the past three years, CDT Equity Inc. (CDT) and Willis Lease Finance Corporation (WLFC) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and WLFC?
Over the past 3 years, CDT and WLFC moved with a correlation of -0.54, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.75 versus -0.54 over 3 years. Over 5 years the correlation is -0.50, and the annualized covariance of weekly returns is -18221.3 %².
Out of 20 assets tracked against CDT, WLFC lands near the bottom at #20. Correlation aside, the last 12 months split them widely, with WLFC ahead by 36.0 points (-99.3% versus -63.3%). Risk is not evenly split, since CDT carries 8.9 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 WLFC: side by side
| CDT (CDT Equity Inc.) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | -99.3% | -63.3% |
| 5-year return | -100.0% | +47.2% |
| Volatility (ann.) | 546.1% | 61.3% |
| Beta vs S&P 500 | 0.29 | 1.30 |
| Max drawdown (3Y) | -100.0% | -77.4% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDT | WLFC |
|---|---|---|
| 2022 | – | +56.7% |
| 2023 | -55.6% | -17.2% |
| 2024 | -98.5% | +327.3% |
| 2025 | -99.8% | -34.5% |
| 2026 | -94.1% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and WLFC good diversifiers for each other?
Yes: at -0.54, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CDT and WLFC?
Using weekly returns as of 2026-08-27: -0.54 over 3 years, with -0.75 over the last year and -0.50 over 5 years.
Is WLFC a good diversifier for CDT?
Yes: at -0.54, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.54 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-wlfc.json
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Related comparisons
Hubs: CDT correlations · WLFC correlations
