CPRT vs MCO: Correlation
Measured on weekly returns over the past three years, Copart (CPRT) and Moody's Corporation (MCO) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and MCO?
Across a 3-year window, the weekly returns of CPRT and MCO correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 345.4 %².
In CPRT's tracked universe of 35 assets, MCO sits right near the top at #3. Correlation aside, the last 12 months split them widely, with MCO ahead by 33.3 points (-32.6% versus +0.7%). The rolling one-year correlation moved between 0.43 and 0.69 over the past three years, a moderate range.
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.
CPRT vs MCO: side by side
| CPRT (Copart) | MCO (Moody's Corporation) | |
|---|---|---|
| 1-year return | -32.6% | +0.7% |
| 5-year return | -9.3% | +39.4% |
| Volatility (ann.) | 26.0% | 25.8% |
| Beta vs S&P 500 | 0.86 | 1.08 |
| Max drawdown (3Y) | -57.4% | -24.7% |
| Market cap | $30.3B | $88.2B |
| P/E (trailing) | 20.2 | 32.7 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | CPRT | MCO |
|---|---|---|
| 2022 | -19.7% | -28.0% |
| 2023 | +60.9% | +41.5% |
| 2024 | +17.1% | +22.2% |
| 2025 | -31.8% | +8.7% |
| 2026 | -16.3% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and MCO good diversifiers for each other?
Only partially. A correlation of 0.52 means CPRT and MCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CPRT and MCO?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.45 over the last year and 0.57 over 5 years.
Is MCO a good diversifier for CPRT?
Only partially. A correlation of 0.52 means CPRT and MCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/cprt-vs-mco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cprt-vs-mco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPRT correlations · MCO correlations
