CPT vs REED: Correlation
How closely do Camden Property Trust (CPT) and Reed's, Inc. (REED) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and REED?
On 3 years of weekly data the CPT/REED correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.22 over 3 years. The 5-year figure is -0.13, and annualized covariance runs at -495.5 %².
REED is close to the least connected end of CPT's tracked universe, ranking #30 of 33. The last year tells two different stories: CPT led by 83.7 percentage points, -0.4% for CPT against -84.1% for REED. Risk is not evenly split, since REED carries 4.9 times the volatility of the other side.
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 REED: side by side
| CPT (Camden Property Trust) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | -84.1% |
| 5-year return | -15.4% | -99.5% |
| Volatility (ann.) | 21.3% | 104.6% |
| Beta vs S&P 500 | 0.55 | -0.39 |
| Max drawdown (3Y) | -21.7% | -96.4% |
| 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 | REED |
|---|---|---|
| 2022 | -35.6% | -80.6% |
| 2023 | -7.6% | -54.3% |
| 2024 | +21.3% | -60.6% |
| 2025 | -1.5% | -44.4% |
| 2026 | -2.0% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and REED good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPT and REED?
The CPT/REED correlation stands at -0.22 on a 3-year window (1 year: -0.33, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is REED a good diversifier for CPT?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/cpt-vs-reed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpt-vs-reed/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPT correlations · REED correlations
