CDTG vs FITB: Correlation
How closely do CDT Environmental Technology Investment Holdings Limited (CDTG) and Fifth Third Bancorp (FITB) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and FITB?
On 3 years of weekly data the CDTG/FITB correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.00 versus -0.15 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -641.0 %².
By 3-year correlation, FITB places #8 of the 34 assets tracked against CDTG. Correlation aside, the last 12 months split them widely, with FITB ahead by 117.2 points (-92.6% versus +24.6%). One caveat on sizing: CDTG is 5.5 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.
CDTG vs FITB: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | -92.6% | +24.6% |
| 5-year return | n/a | +71.2% |
| Volatility (ann.) | 160.6% | 29.4% |
| Beta vs S&P 500 | 0.42 | 1.03 |
| Max drawdown (3Y) | -99.2% | -29.9% |
| Market cap | – | $49.7B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 2.90% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CDTG | FITB |
|---|---|---|
| 2022 | – | -21.9% |
| 2023 | – | +10.4% |
| 2024 | – | +27.2% |
| 2025 | -92.2% | +14.8% |
| 2026 | -87.0% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and FITB good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDTG and FITB?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with 0.00 over the last year and n/a over 5 years.
Is FITB a good diversifier for CDTG?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
A reading of -0.15 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/cdtg-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdtg-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDTG correlations · FITB correlations
