CG vs EVR: Correlation
How closely do The Carlyle Group Inc. (CG) and Evercore Inc. (EVR) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CG and EVR?
On 3 years of weekly data the CG/EVR correlation comes out at 0.72, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.72 over 3. The 5-year figure is 0.71, and annualized covariance runs at 946.9 %².
By 3-year correlation, EVR places #4 of the 21 assets tracked against CG. Over the last 12 months EVR came out ahead by 12.8 percentage points (-21.8% against -9.0%).
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.
CG vs EVR: side by side
| CG (The Carlyle Group Inc.) | EVR (Evercore Inc.) | |
|---|---|---|
| 1-year return | -21.8% | -9.0% |
| 5-year return | +18.0% | +125.5% |
| Volatility (ann.) | 36.8% | 35.8% |
| Beta vs S&P 500 | 1.68 | 1.64 |
| Max drawdown (3Y) | -40.4% | -47.9% |
| Market cap | $17.5B | $11.2B |
| P/E (trailing) | 50.8 | 16.4 |
| Dividend yield | 2.86% | 1.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CG | EVR |
|---|---|---|
| 2022 | -43.8% | -17.6% |
| 2023 | +42.6% | +60.6% |
| 2024 | +28.1% | +64.3% |
| 2025 | +20.2% | +24.3% |
| 2026 | -14.9% | -13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CG and EVR good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CG and EVR?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.65 over the last year and 0.71 over 5 years.
Is EVR a good diversifier for CG?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 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/cg-vs-evr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cg-vs-evr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CG correlations · EVR correlations
