CMCT vs FRT: Correlation
Creative Media (CMCT) and Federal Realty Investment Trust (FRT) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and FRT?
On 3 years of weekly data the CMCT/FRT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.05) runs above the 3-year figure (-0.19). The 5-year figure is -0.11, and annualized covariance runs at -1114.7 %².
Among the 25 assets we track against CMCT, FRT ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FRT outperformed by 121.0 percentage points (-99.4% for CMCT against +21.6% for FRT). Note the risk asymmetry: CMCT runs 15.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CMCT vs FRT: side by side
| CMCT (Creative Media) | FRT (Federal Realty Investment Trust) | |
|---|---|---|
| 1-year return | -99.4% | +21.6% |
| 5-year return | -100.0% | +18.8% |
| Volatility (ann.) | 305.8% | 19.5% |
| Beta vs S&P 500 | 1.22 | 0.53 |
| Max drawdown (3Y) | -100.0% | -27.4% |
| Market cap | – | $10.2B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 0.00% | 3.84% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | CMCT | FRT |
|---|---|---|
| 2022 | -29.7% | -22.7% |
| 2023 | -18.2% | +6.6% |
| 2024 | -93.3% | +12.1% |
| 2025 | -35.5% | -5.9% |
| 2026 | -98.9% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and FRT good diversifiers for each other?
Yes. With a correlation of -0.19, CMCT and FRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CMCT and FRT?
The CMCT/FRT correlation stands at -0.19 on a 3-year window (1 year: 0.05, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is FRT a good diversifier for CMCT?
Yes. With a correlation of -0.19, CMCT and FRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmct-vs-frt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmct-vs-frt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCT correlations · FRT correlations
