CTS vs GRMN: Correlation
Measured on weekly returns over the past three years, CTS Corporation (CTS) and Garmin (GRMN) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and GRMN?
Over the past 3 years, CTS and GRMN moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.49). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 561.8 %².
Out of 26 assets tracked against CTS, GRMN lands near the bottom at #22. The trailing year gives CTS the advantage: +35.8% versus +25.1%, a 10.7-point spread.
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.
CTS vs GRMN: side by side
| CTS (CTS Corporation) | GRMN (Garmin) | |
|---|---|---|
| 1-year return | +35.8% | +25.1% |
| 5-year return | +63.4% | +80.9% |
| Volatility (ann.) | 33.0% | 34.7% |
| Beta vs S&P 500 | 1.40 | 1.06 |
| Max drawdown (3Y) | -40.6% | -28.0% |
| Market cap | $1.6B | $55.9B |
| P/E (trailing) | 23.8 | 29.9 |
| Dividend yield | 0.28% | 1.45% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CTS | GRMN |
|---|---|---|
| 2022 | +7.8% | -30.2% |
| 2023 | +11.4% | +43.1% |
| 2024 | +20.9% | +63.3% |
| 2025 | -18.4% | -0.1% |
| 2026 | +34.7% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and GRMN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTS and GRMN?
The CTS/GRMN correlation stands at 0.49 on a 3-year window (1 year: 0.29, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is GRMN a good diversifier for CTS?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/cts-vs-grmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cts-vs-grmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTS correlations · GRMN correlations
