CHTR vs VZ: Correlation
How closely do Charter Communications (CHTR) and Verizon (VZ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and VZ?
On 3 years of weekly data the CHTR/VZ correlation comes out at 0.25, weak. The link has tightened recently: the 1-year correlation (0.38) runs above the 3-year figure (0.25). The 5-year figure is 0.32, and annualized covariance runs at 239.3 %².
Within CHTR's tracked universe of 35 assets, VZ comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VZ outperformed by 64.2 percentage points (-44.9% for CHTR against +19.3% for VZ). On a rolling one-year basis the correlation drifted between 0.13 and 0.56, a moderate band. One caveat on sizing: CHTR is 1.8 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.
CHTR vs VZ: side by side
| CHTR (Charter Communications) | VZ (Verizon) | |
|---|---|---|
| 1-year return | -44.9% | +19.3% |
| 5-year return | -81.8% | +23.8% |
| Volatility (ann.) | 41.3% | 22.9% |
| Beta vs S&P 500 | 0.74 | 0.15 |
| Max drawdown (3Y) | -72.9% | -17.0% |
| Market cap | $20.0B | $205.4B |
| P/E (trailing) | 4.0 | 12.9 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | CHTR | VZ |
|---|---|---|
| 2022 | -48.0% | -20.0% |
| 2023 | +14.6% | +2.7% |
| 2024 | -11.8% | +13.1% |
| 2025 | -39.1% | +8.9% |
| 2026 | -28.9% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and VZ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHTR and VZ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.38 over the last year and 0.32 over 5 years.
Is VZ a good diversifier for CHTR?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/chtr-vs-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chtr-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHTR correlations · VZ correlations
