CMRC vs KD: Correlation
Commerce.com, Inc. - Series 1 (CMRC) and Kyndryl Holdings, Inc. (KD) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and KD?
Over the past 3 years, CMRC and KD moved with a correlation of 0.52, which is moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.52). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1473.0 %².
Few assets follow CMRC as closely as KD, which ranks #2 of 16 tracked partners. Over the last 12 months CMRC came out ahead by 8.2 percentage points (-49.8% against -58.0%).
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.
CMRC vs KD: side by side
| CMRC (Commerce.com, Inc. - Series 1) | KD (Kyndryl Holdings, Inc.) | |
|---|---|---|
| 1-year return | -49.8% | -58.0% |
| 5-year return | -96.1% | -67.5% |
| Volatility (ann.) | 53.5% | 53.4% |
| Beta vs S&P 500 | 1.40 | 1.59 |
| Max drawdown (3Y) | -81.5% | -75.6% |
| Market cap | $0.2B | $2.9B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | KD |
|---|---|---|
| 2022 | -75.3% | -38.6% |
| 2023 | +11.3% | +86.9% |
| 2024 | -37.1% | +66.5% |
| 2025 | -32.7% | -23.2% |
| 2026 | -42.5% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and KD good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CMRC and KD?
As of 2026-08-27, the correlation of weekly returns between CMRC and KD is 0.52 over 3 years, 0.39 over 1 year and 0.39 over 5 years.
Is KD a good diversifier for CMRC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/cmrc-vs-kd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmrc-vs-kd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMRC correlations · KD correlations
