CMCT vs SRE: Correlation
Creative Media (CMCT) and Sempra (SRE) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and SRE?
Across a 3-year window, the weekly returns of CMCT and SRE correlate at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -2102.2 %².
Among the 25 assets we track against CMCT, SRE ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SRE outperformed by 105.4 percentage points (-99.4% for CMCT against +6.0% for SRE). Note the risk asymmetry: CMCT runs 12.8 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 SRE: side by side
| CMCT (Creative Media) | SRE (Sempra) | |
|---|---|---|
| 1-year return | -99.4% | +6.0% |
| 5-year return | -100.0% | +50.4% |
| Volatility (ann.) | 305.8% | 23.9% |
| Beta vs S&P 500 | 1.22 | 0.38 |
| Max drawdown (3Y) | -100.0% | -31.6% |
| Market cap | – | $55.4B |
| P/E (trailing) | – | 24.7 |
| Dividend yield | 0.00% | 3.06% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | CMCT | SRE |
|---|---|---|
| 2022 | -29.7% | +20.3% |
| 2023 | -18.2% | -0.1% |
| 2024 | -93.3% | +21.1% |
| 2025 | -35.5% | +3.9% |
| 2026 | -98.9% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and SRE good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMCT and SRE?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.28 over the last year and -0.22 over 5 years.
Is SRE a good diversifier for CMCT?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmct-vs-sre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmct-vs-sre/)
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Related comparisons
Hubs: CMCT correlations · SRE correlations
