CPT vs USAR: Correlation
How closely do Camden Property Trust (CPT) and USA Rare Earth, Inc. (USAR) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and USAR?
Across a 3-year window, the weekly returns of CPT and USAR correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -370.0 %².
Among the 33 assets we track against CPT, USAR ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with USAR ahead by 23.1 points (-0.4% versus +22.7%). One caveat on sizing: USAR is 4.6 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 USAR: side by side
| CPT (Camden Property Trust) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | +22.7% |
| 5-year return | -15.4% | n/a |
| Volatility (ann.) | 21.3% | 98.3% |
| Beta vs S&P 500 | 0.55 | -0.14 |
| Max drawdown (3Y) | -21.7% | -69.2% |
| Market cap | $12.2B | $4.7B |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | USAR |
|---|---|---|
| 2022 | -35.6% | – |
| 2023 | -7.6% | – |
| 2024 | +21.3% | +11.1% |
| 2025 | -1.5% | +3.7% |
| 2026 | -2.0% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and USAR good diversifiers for each other?
Yes. With a correlation of -0.18, CPT and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPT and USAR?
The CPT/USAR correlation stands at -0.18 on a 3-year window (1 year: -0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is USAR a good diversifier for CPT?
Yes. With a correlation of -0.18, CPT and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpt-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPT correlations · USAR correlations
