CMTG vs SCLX: Correlation
How closely do Claros Mortgage Trust, Inc. (CMTG) and Scilex Holding Company (SCLX) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMTG and SCLX?
On 3 years of weekly data the CMTG/SCLX correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 2286.7 %².
Within CMTG's tracked universe of 11 assets, SCLX comes in at #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -52.7% for CMTG and -50.4% for SCLX. One caveat on sizing: SCLX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CMTG vs SCLX: side by side
| CMTG (Claros Mortgage Trust, Inc.) | SCLX (Scilex Holding Company) | |
|---|---|---|
| 1-year return | -52.7% | -50.4% |
| 5-year return | -87.0% | -97.4% |
| Volatility (ann.) | 62.4% | 125.7% |
| Beta vs S&P 500 | 0.90 | 1.06 |
| Max drawdown (3Y) | -87.6% | -96.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMTG | SCLX |
|---|---|---|
| 2022 | -1.4% | -60.3% |
| 2023 | +2.8% | -48.9% |
| 2024 | -64.4% | -79.1% |
| 2025 | -32.3% | -18.2% |
| 2026 | -46.1% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMTG and SCLX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMTG and SCLX?
The CMTG/SCLX correlation stands at 0.29 on a 3-year window (1 year: 0.34, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is SCLX a good diversifier for CMTG?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/cmtg-vs-sclx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmtg-vs-sclx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMTG correlations · SCLX correlations
