CPT vs ZCMD: Correlation
Measured on weekly returns over the past three years, Camden Property Trust (CPT) and Zhongchao Inc. - Class A (ZCMD) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and ZCMD?
Across a 3-year window, the weekly returns of CPT and ZCMD correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -621.6 %².
Out of 33 assets tracked against CPT, ZCMD lands near the bottom at #29. Their recent paths diverged sharply: over the last 12 months CPT outperformed by 99.5 percentage points (-0.4% for CPT against -99.9% for ZCMD). One caveat on sizing: ZCMD is 6.7 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 ZCMD: side by side
| CPT (Camden Property Trust) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | -0.4% | -99.9% |
| 5-year return | -15.4% | -100.0% |
| Volatility (ann.) | 21.3% | 141.8% |
| Beta vs S&P 500 | 0.55 | 0.59 |
| Max drawdown (3Y) | -21.7% | -100.0% |
| 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 | ZCMD |
|---|---|---|
| 2022 | -35.6% | -35.4% |
| 2023 | -7.6% | -69.5% |
| 2024 | +21.3% | -53.8% |
| 2025 | -1.5% | -72.2% |
| 2026 | -2.0% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and ZCMD good diversifiers for each other?
Yes. With a correlation of -0.21, CPT and ZCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPT and ZCMD?
As of 2026-08-27, the correlation of weekly returns between CPT and ZCMD is -0.21 over 3 years, -0.26 over 1 year and -0.15 over 5 years.
Is ZCMD a good diversifier for CPT?
Yes. With a correlation of -0.21, CPT and ZCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpt-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPT correlations · ZCMD correlations
