CF vs CNSY: Correlation
How closely do CF Industries (CF) and Cerenome, Inc. (CNSY) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and CNSY?
On 3 years of weekly data the CF/CNSY correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -1066.9 %².
By 3-year correlation, CNSY places #31 of the 50 assets tracked against CF. The last year tells two different stories: CF led by 123.3 percentage points, +48.6% for CF against -74.7% for CNSY. Note the risk asymmetry: CNSY runs 4.7 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.
CF vs CNSY: side by side
| CF (CF Industries) | CNSY (Cerenome, Inc.) | |
|---|---|---|
| 1-year return | +48.6% | -74.7% |
| 5-year return | +211.5% | -99.6% |
| Volatility (ann.) | 32.8% | 154.9% |
| Beta vs S&P 500 | -0.20 | 2.28 |
| Max drawdown (3Y) | -29.2% | -96.1% |
| Market cap | $19.0B | – |
| P/E (trailing) | 9.3 | 1.0 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CF | CNSY |
|---|---|---|
| 2022 | +22.3% | -69.5% |
| 2023 | -4.7% | -63.5% |
| 2024 | +10.1% | -34.3% |
| 2025 | -7.2% | -55.7% |
| 2026 | +64.9% | -75.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and CNSY good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CF and CNSY?
As of 2026-08-27, the correlation of weekly returns between CF and CNSY is -0.21 over 3 years, -0.14 over 1 year and -0.10 over 5 years.
Is CNSY a good diversifier for CF?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CF correlations · CNSY correlations
