CSQ vs NFLX: Correlation
Measured on weekly returns over the past three years, Calamos Strategic Total Return Fund - Closed End Fund (CSQ) and Netflix (NFLX) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSQ and NFLX?
Across a 3-year window, the weekly returns of CSQ and NFLX correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.42 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 281.0 %².
Among the 51 assets we track against CSQ, NFLX sits near the bottom by co-movement, at rank #47. The last year tells two different stories: CSQ led by 56.1 percentage points, +21.4% for CSQ against -34.7% for NFLX. One caveat on sizing: NFLX is 1.9 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.
CSQ vs NFLX: side by side
| CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | +21.4% | -34.7% |
| 5-year return | +64.2% | +41.0% |
| Volatility (ann.) | 18.8% | 35.2% |
| Beta vs S&P 500 | 1.22 | 0.99 |
| Max drawdown (3Y) | -24.2% | -49.5% |
| Market cap | $3.4B | $332.4B |
| P/E (trailing) | 3.2 | 25.7 |
| Dividend yield | 2.95% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CSQ | NFLX |
|---|---|---|
| 2022 | -24.2% | -51.1% |
| 2023 | +20.9% | +65.1% |
| 2024 | +28.2% | +83.1% |
| 2025 | +16.3% | +5.2% |
| 2026 | +14.3% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSQ and NFLX good diversifiers for each other?
Reasonably. At 0.42, CSQ and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CSQ and NFLX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.13 over the last year and 0.51 over 5 years.
Is NFLX a good diversifier for CSQ?
Reasonably. At 0.42, CSQ and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/csq-vs-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csq-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSQ correlations · NFLX correlations
