CME vs PDCC: Correlation
How closely do CME Group (CME) and Pearl Diver Credit Company Inc. (PDCC) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and PDCC?
Across a 3-year window, the weekly returns of CME and PDCC correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -164.9 %².
Among the 47 assets we track against CME, PDCC sits near the bottom by co-movement, at rank #47. The last year tells two different stories: CME led by 46.1 percentage points, +8.1% for CME against -38.0% for PDCC.
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 PDCC: side by side
| CME (CME Group) | PDCC (Pearl Diver Credit Company Inc.) | |
|---|---|---|
| 1-year return | +8.1% | -38.0% |
| 5-year return | +73.9% | n/a |
| Volatility (ann.) | 20.0% | 26.4% |
| Beta vs S&P 500 | 0.12 | 0.17 |
| Max drawdown (3Y) | -31.1% | -47.3% |
| Market cap | $101.0B | $0.1B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | PDCC |
|---|---|---|
| 2022 | -22.9% | – |
| 2023 | +31.3% | – |
| 2024 | +15.4% | – |
| 2025 | +19.8% | -20.9% |
| 2026 | +5.9% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and PDCC good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and PDCC?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.33 over the last year and n/a over 5 years.
Is PDCC a good diversifier for CME?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/cme-vs-pdcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cme-vs-pdcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · PDCC correlations
