CME vs WKSP: Correlation
Measured on weekly returns over the past three years, CME Group (CME) and Worksport, Ltd. (WKSP) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and WKSP?
Over the past 3 years, CME and WKSP moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.23 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -505.3 %².
Among the 47 assets we track against CME, WKSP ranks #34 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CME outperformed by 87.6 percentage points (+8.1% for CME against -79.5% for WKSP). Note the risk asymmetry: WKSP runs 5.4 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 WKSP: side by side
| CME (CME Group) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | +8.1% | -79.5% |
| 5-year return | +73.9% | -98.8% |
| Volatility (ann.) | 20.0% | 108.8% |
| Beta vs S&P 500 | 0.12 | 1.80 |
| Max drawdown (3Y) | -31.1% | -98.4% |
| Market cap | $101.0B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | WKSP |
|---|---|---|
| 2022 | -22.9% | -58.9% |
| 2023 | +31.3% | +49.7% |
| 2024 | +15.4% | -38.3% |
| 2025 | +19.8% | -76.8% |
| 2026 | +5.9% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and WKSP good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and WKSP?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.36 over the last year and -0.10 over 5 years.
Is WKSP a good diversifier for CME?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: CME correlations · WKSP correlations
