CISS vs TPR: Correlation
How closely do C3is Inc. (CISS) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISS and TPR?
Over the past 3 years, CISS and TPR moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.47) runs below the 3-year figure (-0.30). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -23677.1 %².
Among the 42 assets we track against CISS, TPR ranks #34 by 3-year correlation. The last year tells two different stories: TPR led by 123.1 percentage points, -99.5% for CISS against +23.6% for TPR. Risk is not evenly split, since CISS carries 55.5 times the volatility of the other side.
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.
CISS vs TPR: side by side
| CISS (C3is Inc.) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +23.6% |
| 5-year return | n/a | +240.1% |
| Volatility (ann.) | 2098.5% | 37.8% |
| Beta vs S&P 500 | 2.24 | 1.05 |
| Max drawdown (3Y) | -100.0% | -31.8% |
| Market cap | – | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CISS | TPR |
|---|---|---|
| 2022 | – | -3.3% |
| 2023 | – | +0.2% |
| 2024 | -98.9% | +82.8% |
| 2025 | -97.3% | +98.7% |
| 2026 | -93.4% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISS and TPR good diversifiers for each other?
Yes. With a correlation of -0.30, CISS and TPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CISS and TPR?
The CISS/TPR correlation stands at -0.30 on a 3-year window (1 year: -0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TPR a good diversifier for CISS?
Yes. With a correlation of -0.30, CISS and TPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CISS correlations · TPR correlations
