CSQ vs HOOD: Correlation
Calamos Strategic Total Return Fund - Closed End Fund (CSQ) and Robinhood Markets (HOOD) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSQ and HOOD?
On 3 years of weekly data the CSQ/HOOD correlation comes out at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 771.2 %².
Within CSQ's tracked universe of 51 assets, HOOD comes in at #36 by 3-year correlation. Over the last 12 months CSQ came out ahead by 14.8 percentage points (+21.4% against +6.6%). Note the risk asymmetry: HOOD runs 3.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CSQ vs HOOD: side by side
| CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | HOOD (Robinhood Markets) | |
|---|---|---|
| 1-year return | +21.4% | +6.6% |
| 5-year return | +64.2% | +151.5% |
| Volatility (ann.) | 18.8% | 71.4% |
| Beta vs S&P 500 | 1.22 | 2.88 |
| Max drawdown (3Y) | -24.2% | -57.3% |
| Market cap | $3.4B | $98.7B |
| P/E (trailing) | 3.2 | 48.1 |
| Dividend yield | 2.95% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CSQ | HOOD |
|---|---|---|
| 2022 | -24.2% | -54.2% |
| 2023 | +20.9% | +56.5% |
| 2024 | +28.2% | +192.5% |
| 2025 | +16.3% | +203.5% |
| 2026 | +14.3% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSQ and HOOD good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CSQ and HOOD?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.61 over the last year and 0.53 over 5 years.
Is HOOD a good diversifier for CSQ?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 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/csq-vs-hood.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csq-vs-hood/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSQ correlations · HOOD correlations
