CMP vs ECPG: Correlation
Compass Minerals Intl Inc (CMP) and Encore Capital Group Inc (ECPG) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMP and ECPG?
On 3 years of weekly data the CMP/ECPG correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.37 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 733.9 %².
By 3-year correlation, ECPG places #5 of the 10 assets tracked against CMP. The last year tells two different stories: ECPG led by 113.5 percentage points, +30.8% for CMP against +144.3% for ECPG. Note the risk asymmetry: CMP 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.
CMP vs ECPG: side by side
| CMP (Compass Minerals Intl Inc) | ECPG (Encore Capital Group Inc) | |
|---|---|---|
| 1-year return | +30.8% | +144.3% |
| 5-year return | -60.3% | +114.1% |
| Volatility (ann.) | 55.5% | 35.6% |
| Beta vs S&P 500 | 0.86 | 0.85 |
| Max drawdown (3Y) | -74.2% | -49.2% |
| Market cap | $1.0B | $2.2B |
| P/E (trailing) | 59.4 | 7.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMP | ECPG |
|---|---|---|
| 2022 | -18.7% | -22.8% |
| 2023 | -37.0% | +5.9% |
| 2024 | -55.3% | -5.9% |
| 2025 | +74.6% | +13.8% |
| 2026 | +27.0% | +87.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMP and ECPG good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMP and ECPG?
As of 2026-08-27, the correlation of weekly returns between CMP and ECPG is 0.37 over 3 years, 0.07 over 1 year and 0.32 over 5 years.
Is ECPG a good diversifier for CMP?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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: CMP correlations · ECPG correlations
