CODI vs KUST: Correlation
D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and Kustom Entertainment, Inc. (KUST) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and KUST?
Across a 3-year window, the weekly returns of CODI and KUST correlate at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 2822.6 %².
By 3-year correlation, KUST places #8 of the 17 assets tracked against CODI. Their recent paths diverged sharply: over the last 12 months CODI outperformed by 146.0 percentage points (+49.4% for CODI against -96.6% for KUST). Note the risk asymmetry: KUST runs 2.0 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.
CODI vs KUST: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | KUST (Kustom Entertainment, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | -96.6% |
| 5-year return | -53.0% | -100.0% |
| Volatility (ann.) | 63.2% | 124.3% |
| Beta vs S&P 500 | 1.45 | 1.75 |
| Max drawdown (3Y) | -80.3% | -100.0% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | KUST |
|---|---|---|
| 2022 | -37.7% | -78.5% |
| 2023 | +29.4% | -53.9% |
| 2024 | +7.5% | -75.0% |
| 2025 | -78.6% | -99.9% |
| 2026 | +134.4% | -89.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and KUST good diversifiers for each other?
Reasonably. At 0.36, CODI and KUST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CODI and KUST?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.26 over the last year and 0.34 over 5 years.
Is KUST a good diversifier for CODI?
Reasonably. At 0.36, CODI and KUST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/codi-vs-kust.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/codi-vs-kust/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CODI correlations · KUST correlations
