CIGI vs MMI: Correlation
Colliers International Group Inc. - Subordinate Voting (CIGI) and Marcus & Millichap, Inc. (MMI) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIGI and MMI?
Over the past 3 years, CIGI and MMI moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.46) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 587.8 %².
Within CIGI's tracked universe of 14 assets, MMI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MMI outperformed by 36.6 percentage points (-37.9% for CIGI against -1.3% for MMI).
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 MMI: side by side
| CIGI (Colliers International Group Inc. - Subordinate Voting) | MMI (Marcus & Millichap, Inc.) | |
|---|---|---|
| 1-year return | -37.9% | -1.3% |
| 5-year return | -24.2% | -11.7% |
| Volatility (ann.) | 30.6% | 31.5% |
| Beta vs S&P 500 | 0.98 | 0.84 |
| Max drawdown (3Y) | -47.5% | -41.7% |
| Market cap | $5.3B | $1.2B |
| P/E (trailing) | 48.8 | 85.9 |
| Dividend yield | 0.29% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIGI | MMI |
|---|---|---|
| 2022 | -37.9% | -30.8% |
| 2023 | +37.8% | +28.8% |
| 2024 | +7.7% | -11.2% |
| 2025 | +8.4% | -27.6% |
| 2026 | -29.8% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIGI and MMI good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CIGI and MMI?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.46 over the last year and 0.60 over 5 years.
Is MMI a good diversifier for CIGI?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/cigi-vs-mmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cigi-vs-mmi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIGI correlations · MMI correlations
