CDTG vs SNEX: Correlation
Measured on weekly returns over the past three years, CDT Environmental Technology Investment Holdings Limited (CDTG) and StoneX Group Inc. (SNEX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and SNEX?
Across a 3-year window, the weekly returns of CDTG and SNEX correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.24 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1546.5 %².
By 3-year correlation, SNEX places #27 of the 34 assets tracked against CDTG. Their recent paths diverged sharply: over the last 12 months SNEX outperformed by 146.4 percentage points (-92.6% for CDTG against +53.8% for SNEX). Note the risk asymmetry: CDTG runs 4.3 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.
CDTG vs SNEX: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | SNEX (StoneX Group Inc.) | |
|---|---|---|
| 1-year return | -92.6% | +53.8% |
| 5-year return | n/a | +414.2% |
| Volatility (ann.) | 160.6% | 37.4% |
| Beta vs S&P 500 | 0.42 | 0.90 |
| Max drawdown (3Y) | -99.2% | -30.2% |
| Market cap | – | $8.2B |
| P/E (trailing) | – | 18.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | SNEX |
|---|---|---|
| 2022 | – | +55.6% |
| 2023 | – | +16.2% |
| 2024 | – | +32.7% |
| 2025 | -92.2% | +45.7% |
| 2026 | -87.0% | +61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and SNEX good diversifiers for each other?
Yes. With a correlation of -0.24, CDTG and SNEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDTG and SNEX?
The CDTG/SNEX correlation stands at -0.24 on a 3-year window (1 year: -0.41, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SNEX a good diversifier for CDTG?
Yes. With a correlation of -0.24, CDTG and SNEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-snex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdtg-vs-snex/)
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Related comparisons
Hubs: CDTG correlations · SNEX correlations
