CIEN vs SDOT: Correlation
Ciena (CIEN) and Sadot Group Inc. (SDOT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIEN and SDOT?
On 3 years of weekly data the CIEN/SDOT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.21). The 5-year figure is -0.14, and annualized covariance runs at -2667.8 %².
By 3-year correlation, SDOT places #22 of the 28 assets tracked against CIEN. Correlation aside, the last 12 months split them widely, with CIEN ahead by 422.6 points (+331.2% versus -91.4%). One caveat on sizing: SDOT is 5.0 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.
CIEN vs SDOT: side by side
| CIEN (Ciena) | SDOT (Sadot Group Inc.) | |
|---|---|---|
| 1-year return | +331.2% | -91.4% |
| 5-year return | +598.5% | -99.3% |
| Volatility (ann.) | 50.1% | 250.1% |
| Beta vs S&P 500 | 1.59 | -0.18 |
| Max drawdown (3Y) | -47.3% | -99.9% |
| Market cap | $56.6B | – |
| P/E (trailing) | 133.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CIEN | SDOT |
|---|---|---|
| 2022 | -33.8% | +26.4% |
| 2023 | -11.7% | -55.9% |
| 2024 | +88.4% | -5.5% |
| 2025 | +175.8% | -96.8% |
| 2026 | +71.0% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIEN and SDOT good diversifiers for each other?
Yes. With a correlation of -0.21, CIEN and SDOT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIEN and SDOT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.37 over the last year and -0.14 over 5 years.
Is SDOT a good diversifier for CIEN?
Yes. With a correlation of -0.21, CIEN and SDOT 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/cien-vs-sdot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cien-vs-sdot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIEN correlations · SDOT correlations
