CIGI vs ICE: Correlation
Colliers International Group Inc. - Subordinate Voting (CIGI) and Intercontinental Exchange (ICE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIGI and ICE?
Over the past 3 years, CIGI and ICE moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 337.2 %².
Among the 14 assets we track against CIGI, ICE ranks #8 by 3-year correlation. The last year tells two different stories: ICE led by 30.0 percentage points, -37.9% for CIGI against -7.9% for ICE.
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.
CIGI vs ICE: side by side
| CIGI (Colliers International Group Inc. - Subordinate Voting) | ICE (Intercontinental Exchange) | |
|---|---|---|
| 1-year return | -37.9% | -7.9% |
| 5-year return | -24.2% | +44.2% |
| Volatility (ann.) | 30.6% | 21.2% |
| Beta vs S&P 500 | 0.98 | 0.62 |
| Max drawdown (3Y) | -47.5% | -33.9% |
| Market cap | $5.3B | $90.5B |
| P/E (trailing) | 48.8 | 22.7 |
| Dividend yield | 0.29% | 1.24% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CIGI | ICE |
|---|---|---|
| 2022 | -37.9% | -23.9% |
| 2023 | +37.8% | +27.1% |
| 2024 | +7.7% | +17.5% |
| 2025 | +8.4% | +9.9% |
| 2026 | -29.8% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIGI and ICE good diversifiers for each other?
Only partially. A correlation of 0.52 means CIGI and ICE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CIGI and ICE?
The CIGI/ICE correlation stands at 0.52 on a 3-year window (1 year: 0.50, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is ICE a good diversifier for CIGI?
Only partially. A correlation of 0.52 means CIGI and ICE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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: CIGI correlations · ICE correlations
