CME vs DSWL: Correlation
Measured on weekly returns over the past three years, CME Group (CME) and Deswell Industries, Inc. (DSWL) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and DSWL?
On 3 years of weekly data the CME/DSWL correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -121.3 %².
By 3-year correlation, DSWL places #26 of the 47 assets tracked against CME. Correlation aside, the last 12 months split them widely, with CME ahead by 18.5 points (+8.1% versus -10.4%). One caveat on sizing: DSWL is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CME vs DSWL: side by side
| CME (CME Group) | DSWL (Deswell Industries, Inc.) | |
|---|---|---|
| 1-year return | +8.1% | -10.4% |
| 5-year return | +73.9% | +0.8% |
| Volatility (ann.) | 20.0% | 30.4% |
| Beta vs S&P 500 | 0.12 | 0.34 |
| Max drawdown (3Y) | -31.1% | -29.5% |
| Market cap | $101.0B | – |
| P/E (trailing) | 23.8 | 4.6 |
| Dividend yield | 1.82% | 6.45% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | DSWL |
|---|---|---|
| 2022 | -22.9% | -14.1% |
| 2023 | +31.3% | -8.3% |
| 2024 | +15.4% | -2.9% |
| 2025 | +19.8% | +54.7% |
| 2026 | +5.9% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and DSWL good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and DSWL?
The CME/DSWL correlation stands at -0.20 on a 3-year window (1 year: -0.26, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is DSWL a good diversifier for CME?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/cme-vs-dswl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cme-vs-dswl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · DSWL correlations
