CPT vs CSR: Correlation
How closely do Camden Property Trust (CPT) and D/B/A Centerspace (CSR) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and CSR?
Over the past 3 years, CPT and CSR moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.57). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 296.7 %².
Within CPT's tracked universe of 33 assets, CSR comes in at #17 by 3-year correlation. Neither side won the trailing year by much: -0.4% against -4.9%.
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.
CPT vs CSR: side by side
| CPT (Camden Property Trust) | CSR (D/B/A Centerspace) | |
|---|---|---|
| 1-year return | -0.4% | -4.9% |
| 5-year return | -15.4% | -34.2% |
| Volatility (ann.) | 21.3% | 24.3% |
| Beta vs S&P 500 | 0.55 | 0.65 |
| Max drawdown (3Y) | -21.7% | -26.5% |
| Market cap | $12.2B | $0.9B |
| P/E (trailing) | 35.5 | 41.7 |
| Dividend yield | 3.92% | 5.77% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | CSR |
|---|---|---|
| 2022 | -35.6% | -45.0% |
| 2023 | -7.6% | +4.4% |
| 2024 | +21.3% | +19.1% |
| 2025 | -1.5% | +5.9% |
| 2026 | -2.0% | -19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and CSR good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPT and CSR?
The CPT/CSR correlation stands at 0.57 on a 3-year window (1 year: 0.28, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is CSR a good diversifier for CPT?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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/cpt-vs-csr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpt-vs-csr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPT correlations · CSR correlations
