CF vs CRCT: Correlation
Measured on weekly returns over the past three years, CF Industries (CF) and Cricut, Inc. (CRCT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and CRCT?
Across a 3-year window, the weekly returns of CF and CRCT correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.47) runs below the 3-year figure (-0.21). Stretching to 5 years gives -0.12, with an annualized covariance of -341.2 %².
By 3-year correlation, CRCT places #32 of the 50 assets tracked against CF. Their recent paths diverged sharply: over the last 12 months CF outperformed by 46.2 percentage points (+48.6% for CF against +2.4% for CRCT). Note the risk asymmetry: CRCT runs 1.5 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 CRCT: side by side
| CF (CF Industries) | CRCT (Cricut, Inc.) | |
|---|---|---|
| 1-year return | +48.6% | +2.4% |
| 5-year return | +211.5% | -70.1% |
| Volatility (ann.) | 32.8% | 49.2% |
| Beta vs S&P 500 | -0.20 | 0.94 |
| Max drawdown (3Y) | -29.2% | -53.2% |
| Market cap | $19.0B | $1.2B |
| P/E (trailing) | 9.3 | 14.2 |
| Dividend yield | 1.59% | 3.44% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CF | CRCT |
|---|---|---|
| 2022 | +22.3% | -58.0% |
| 2023 | -4.7% | -20.1% |
| 2024 | +10.1% | -4.9% |
| 2025 | -7.2% | +0.1% |
| 2026 | +64.9% | +19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and CRCT good diversifiers for each other?
Yes. With a correlation of -0.21, CF and CRCT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CF and CRCT?
As of 2026-08-27, the correlation of weekly returns between CF and CRCT is -0.21 over 3 years, -0.47 over 1 year and -0.12 over 5 years.
Is CRCT a good diversifier for CF?
Yes. With a correlation of -0.21, CF and CRCT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cf-vs-crct.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cf-vs-crct/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CF correlations · CRCT correlations
