COHN vs TDS: Correlation
Cohen & Company Inc. (COHN) and Telephone and Data Systems, Inc. (TDS) 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 COHN and TDS?
On 3 years of weekly data the COHN/TDS correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 1365.5 %².
TDS is one of the assets that tracks COHN most closely: it ranks #3 out of the 10 assets we track against COHN. Their recent paths diverged sharply: over the last 12 months COHN outperformed by 24.1 percentage points (+7.1% for COHN against -17.0% for TDS). Note the risk asymmetry: COHN runs 1.7 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.
COHN vs TDS: side by side
| COHN (Cohen & Company Inc.) | TDS (Telephone and Data Systems, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | -17.0% |
| 5-year return | -2.6% | +91.9% |
| Volatility (ann.) | 81.7% | 46.7% |
| Beta vs S&P 500 | 0.90 | 0.86 |
| Max drawdown (3Y) | -62.6% | -33.4% |
| Market cap | – | $3.8B |
| P/E (trailing) | 2.3 | 8.3 |
| Dividend yield | 9.07% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COHN | TDS |
|---|---|---|
| 2022 | -36.7% | -45.3% |
| 2023 | -9.7% | +86.3% |
| 2024 | +73.4% | +89.0% |
| 2025 | +149.5% | +20.7% |
| 2026 | -44.8% | -19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHN and TDS good diversifiers for each other?
Reasonably. At 0.36, COHN and TDS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COHN and TDS?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.39 over the last year and 0.29 over 5 years.
Is TDS a good diversifier for COHN?
Reasonably. At 0.36, COHN and TDS 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
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Related comparisons
Hubs: COHN correlations · TDS correlations
