CME vs YUMC: Correlation
Measured on weekly returns over the past three years, CME Group (CME) and Yum China Holdings, Inc. (YUMC) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and YUMC?
Across a 3-year window, the weekly returns of CME and YUMC correlate at 0.26, weak. The past 12 months show a tighter link (0.43) than the 3-year average (0.26). Stretching to 5 years gives 0.28, with an annualized covariance of 193.6 %².
Within CME's tracked universe of 47 assets, YUMC comes in at #15 by 3-year correlation. The trailing year gives CME the advantage: +8.1% versus +1.9%, a 6.2-point spread. Risk is not evenly split, since YUMC carries 1.9 times the volatility of the other side.
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 YUMC: side by side
| CME (CME Group) | YUMC (Yum China Holdings, Inc.) | |
|---|---|---|
| 1-year return | +8.1% | +1.9% |
| 5-year return | +73.9% | -21.2% |
| Volatility (ann.) | 20.0% | 37.2% |
| Beta vs S&P 500 | 0.12 | 0.25 |
| Max drawdown (3Y) | -31.1% | -49.0% |
| Market cap | $101.0B | $15.3B |
| P/E (trailing) | 23.8 | 16.5 |
| Dividend yield | 1.82% | 2.26% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | YUMC |
|---|---|---|
| 2022 | -22.9% | +10.8% |
| 2023 | +31.3% | -21.6% |
| 2024 | +15.4% | +15.4% |
| 2025 | +19.8% | +0.1% |
| 2026 | +5.9% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and YUMC good diversifiers for each other?
Reasonably. At 0.26, CME and YUMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CME and YUMC?
As of 2026-08-27, the correlation of weekly returns between CME and YUMC is 0.26 over 3 years, 0.43 over 1 year and 0.28 over 5 years.
Is YUMC a good diversifier for CME?
Reasonably. At 0.26, CME and YUMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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-yumc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cme-vs-yumc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · YUMC correlations
