CNNE vs KBSX: Correlation
How closely do Cannae Holdings, Inc. (CNNE) and FST Corp. (KBSX) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNNE and KBSX?
Over the past 3 years, CNNE and KBSX moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (-0.12) than the 3-year average (0.33). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 881.3 %².
Among the 11 assets we track against CNNE, KBSX sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with CNNE ahead by 25.7 points (-13.8% versus -39.5%). One caveat on sizing: KBSX is 3.0 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.
CNNE vs KBSX: side by side
| CNNE (Cannae Holdings, Inc.) | KBSX (FST Corp.) | |
|---|---|---|
| 1-year return | -13.8% | -39.5% |
| 5-year return | -47.5% | -89.8% |
| Volatility (ann.) | 29.8% | 88.4% |
| Beta vs S&P 500 | 0.98 | 0.95 |
| Max drawdown (3Y) | -50.0% | -94.0% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 3.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNNE | KBSX |
|---|---|---|
| 2022 | -41.3% | – |
| 2023 | -5.5% | +7.3% |
| 2024 | +3.7% | -12.7% |
| 2025 | -18.3% | -85.5% |
| 2026 | +0.6% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNNE and KBSX good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNNE and KBSX?
As of 2026-08-27, the correlation of weekly returns between CNNE and KBSX is 0.33 over 3 years, -0.12 over 1 year and 0.24 over 5 years.
Is KBSX a good diversifier for CNNE?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnne-vs-kbsx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnne-vs-kbsx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNNE correlations · KBSX correlations
