CPT vs INVH: Correlation
How closely do Camden Property Trust (CPT) and Invitation Homes (INVH) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and INVH?
Across a 3-year window, the weekly returns of CPT and INVH correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Stretching to 5 years gives 0.77, with an annualized covariance of 341.9 %².
Among the 33 assets we track against CPT, INVH ranks #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -0.4% for CPT and -1.9% for INVH. Across three years, the rolling one-year figure varied moderately, from 0.49 to 0.90.
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 INVH: side by side
| CPT (Camden Property Trust) | INVH (Invitation Homes) | |
|---|---|---|
| 1-year return | -0.4% | -1.9% |
| 5-year return | -15.4% | -16.8% |
| Volatility (ann.) | 21.3% | 21.2% |
| Beta vs S&P 500 | 0.55 | 0.50 |
| Max drawdown (3Y) | -21.7% | -30.9% |
| Market cap | $12.2B | $17.4B |
| P/E (trailing) | 35.5 | 27.3 |
| Dividend yield | 3.92% | 3.98% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | CPT | INVH |
|---|---|---|
| 2022 | -35.6% | -33.0% |
| 2023 | -7.6% | +19.7% |
| 2024 | +21.3% | -3.1% |
| 2025 | -1.5% | -9.7% |
| 2026 | -2.0% | +7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and INVH good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPT and INVH?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.75 over the last year and 0.77 over 5 years.
Is INVH a good diversifier for CPT?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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-invh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpt-vs-invh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPT correlations · INVH correlations
