CPT vs PAPL: Correlation
How closely do Camden Property Trust (CPT) and Pineapple Financial Inc. (PAPL) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and PAPL?
Across a 3-year window, the weekly returns of CPT and PAPL correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.24 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -885.4 %².
Out of 33 assets tracked against CPT, PAPL lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months CPT outperformed by 70.3 percentage points (-0.4% for CPT against -70.7% for PAPL). One caveat on sizing: PAPL is 8.5 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.
CPT vs PAPL: side by side
| CPT (Camden Property Trust) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | -0.4% | -70.7% |
| 5-year return | -15.4% | n/a |
| Volatility (ann.) | 21.3% | 181.2% |
| Beta vs S&P 500 | 0.55 | -0.73 |
| Max drawdown (3Y) | -21.7% | -99.4% |
| Market cap | $12.2B | – |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | PAPL |
|---|---|---|
| 2022 | -35.6% | – |
| 2023 | -7.6% | – |
| 2024 | +21.3% | -74.7% |
| 2025 | -1.5% | -84.4% |
| 2026 | -2.0% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and PAPL good diversifiers for each other?
Yes. With a correlation of -0.24, CPT and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPT and PAPL?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.12 over the last year and n/a over 5 years.
Is PAPL a good diversifier for CPT?
Yes. With a correlation of -0.24, CPT and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/cpt-vs-papl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpt-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPT correlations · PAPL correlations
