CPRT vs WHLR: Correlation
How closely do Copart (CPRT) and Wheeler Real Estate Investment Trust, Inc. (WHLR) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and WHLR?
On 3 years of weekly data the CPRT/WHLR correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.14) than the 3-year average (-0.14). The 5-year figure is -0.10, and annualized covariance runs at -2045.7 %².
By 3-year correlation, WHLR places #26 of the 35 assets tracked against CPRT. Correlation aside, the last 12 months split them widely, with CPRT ahead by 67.4 points (-32.6% versus -100.0%). One caveat on sizing: WHLR is 21.0 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.
CPRT vs WHLR: side by side
| CPRT (Copart) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -32.6% | -100.0% |
| 5-year return | -9.3% | -100.0% |
| Volatility (ann.) | 26.0% | 545.0% |
| Beta vs S&P 500 | 0.86 | -5.84 |
| Max drawdown (3Y) | -57.4% | -100.0% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CPRT | WHLR |
|---|---|---|
| 2022 | -19.7% | -28.0% |
| 2023 | +60.9% | -98.4% |
| 2024 | +17.1% | -98.4% |
| 2025 | -31.8% | -100.0% |
| 2026 | -16.3% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPRT and WHLR?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with 0.14 over the last year and -0.10 over 5 years.
Is WHLR a good diversifier for CPRT?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 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.
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Related comparisons
Hubs: CPRT correlations · WHLR correlations
