CLM vs CRF: Correlation
How closely do Cornerstone Strategic Investment Fund, Inc. (CLM) and Cornerstone Total Return Fund, Inc. (The) (CRF) trade together? Their weekly returns over three years give a correlation of 0.97, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLM and CRF?
Over the past 3 years, CLM and CRF moved with a correlation of 0.97, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.97 over 1 year against 0.97 over 3. Over 5 years the correlation is 0.96, and the annualized covariance of weekly returns is 411.7 %².
Few assets follow CLM as closely as CRF, which ranks #1 of 10 tracked partners. Neither side won the trailing year by much: -1.4% against -1.7%.
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.
CLM vs CRF: side by side
| CLM (Cornerstone Strategic Investment Fund, Inc.) | CRF (Cornerstone Total Return Fund, Inc. (The)) | |
|---|---|---|
| 1-year return | -1.4% | -1.7% |
| 5-year return | +31.9% | +29.2% |
| Volatility (ann.) | 19.8% | 21.5% |
| Beta vs S&P 500 | 0.86 | 0.91 |
| Max drawdown (3Y) | -23.9% | -29.6% |
| Market cap | $2.1B | $1.1B |
| P/E (trailing) | 6.1 | 6.3 |
| Dividend yield | 21.96% | 21.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLM | CRF |
|---|---|---|
| 2022 | -36.7% | -36.7% |
| 2023 | +17.5% | +19.4% |
| 2024 | +41.6% | +44.5% |
| 2025 | +18.5% | +12.5% |
| 2026 | -9.7% | -9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLM and CRF good diversifiers for each other?
No. With a correlation of 0.97, CLM and CRF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CLM and CRF?
As of 2026-08-27, the correlation of weekly returns between CLM and CRF is 0.97 over 3 years, 0.97 over 1 year and 0.96 over 5 years.
Is CRF a good diversifier for CLM?
No. With a correlation of 0.97, CLM and CRF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.97 mean?
On the −1 to +1 scale, 0.97 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.
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Related comparisons
Hubs: CLM correlations · CRF correlations
