CME vs LEN: Correlation
CME Group (CME) and Lennar (LEN) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and LEN?
On 3 years of weekly data the CME/LEN correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is 0.01, and annualized covariance runs at -133.0 %².
Among the 47 assets we track against CME, LEN ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CME outperformed by 43.0 percentage points (+8.1% for CME against -34.9% for LEN). The relationship is regime-dependent: the rolling one-year correlation swung between -0.31 and 0.25 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: LEN runs 1.6 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.
CME vs LEN: side by side
| CME (CME Group) | LEN (Lennar) | |
|---|---|---|
| 1-year return | +8.1% | -34.9% |
| 5-year return | +73.9% | -11.7% |
| Volatility (ann.) | 20.0% | 32.6% |
| Beta vs S&P 500 | 0.12 | 0.84 |
| Max drawdown (3Y) | -31.1% | -54.5% |
| Market cap | $101.0B | $20.5B |
| P/E (trailing) | 23.8 | 13.7 |
| Dividend yield | 1.82% | 2.29% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | CME | LEN |
|---|---|---|
| 2022 | -22.9% | -20.6% |
| 2023 | +31.3% | +66.9% |
| 2024 | +15.4% | -7.3% |
| 2025 | +19.8% | -20.8% |
| 2026 | +5.9% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and LEN good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CME and LEN?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.29 over the last year and 0.01 over 5 years.
Is LEN a good diversifier for CME?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CME correlations · LEN correlations
