CME vs SDA: Correlation
CME Group (CME) and SunCar Technology Group Inc. (SDA) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and SDA?
On 3 years of weekly data the CME/SDA correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -458.5 %².
SDA is close to the least connected end of CME's tracked universe, ranking #43 of 47. Their recent paths diverged sharply: over the last 12 months CME outperformed by 78.8 percentage points (+8.1% for CME against -70.7% for SDA). Note the risk asymmetry: SDA runs 4.2 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 SDA: side by side
| CME (CME Group) | SDA (SunCar Technology Group Inc.) | |
|---|---|---|
| 1-year return | +8.1% | -70.7% |
| 5-year return | +73.9% | -92.6% |
| Volatility (ann.) | 20.0% | 84.1% |
| Beta vs S&P 500 | 0.12 | 0.35 |
| Max drawdown (3Y) | -31.1% | -95.7% |
| 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 | SDA |
|---|---|---|
| 2022 | -22.9% | +4.3% |
| 2023 | +31.3% | -20.3% |
| 2024 | +15.4% | +17.0% |
| 2025 | +19.8% | -79.1% |
| 2026 | +5.9% | -63.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and SDA good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and SDA?
As of 2026-08-27, the correlation of weekly returns between CME and SDA is -0.27 over 3 years, -0.36 over 1 year and -0.13 over 5 years.
Is SDA a good diversifier for CME?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-sda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cme-vs-sda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · SDA correlations
