CIGI vs NMRK: Correlation
Colliers International Group Inc. - Subordinate Voting (CIGI) and Newmark Group, Inc. (NMRK) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIGI and NMRK?
On 3 years of weekly data the CIGI/NMRK correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 917.7 %².
Within CIGI's tracked universe of 14 assets, NMRK comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NMRK ahead by 24.1 points (-37.9% versus -13.8%).
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 NMRK: side by side
| CIGI (Colliers International Group Inc. - Subordinate Voting) | NMRK (Newmark Group, Inc.) | |
|---|---|---|
| 1-year return | -37.9% | -13.8% |
| 5-year return | -24.2% | +23.3% |
| Volatility (ann.) | 30.6% | 43.4% |
| Beta vs S&P 500 | 0.98 | 1.49 |
| Max drawdown (3Y) | -47.5% | -36.6% |
| Market cap | $5.3B | $3.8B |
| P/E (trailing) | 48.8 | 19.7 |
| Dividend yield | 0.29% | 0.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIGI | NMRK |
|---|---|---|
| 2022 | -37.9% | -57.0% |
| 2023 | +37.8% | +39.9% |
| 2024 | +7.7% | +18.1% |
| 2025 | +8.4% | +36.5% |
| 2026 | -29.8% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIGI and NMRK good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CIGI and NMRK?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.64 over the last year and 0.67 over 5 years.
Is NMRK a good diversifier for CIGI?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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-nmrk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cigi-vs-nmrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIGI correlations · NMRK correlations
