CTS vs WS: Correlation
CTS Corporation (CTS) and Worthington Steel, Inc. (WS) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and WS?
On 3 years of weekly data the CTS/WS correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1053.3 %².
Among the 26 assets we track against CTS, WS ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTS ahead by 31.0 points (+35.8% versus +4.8%). Risk is not evenly split, since WS carries 1.6 times the volatility of the other side.
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 WS: side by side
| CTS (CTS Corporation) | WS (Worthington Steel, Inc.) | |
|---|---|---|
| 1-year return | +35.8% | +4.8% |
| 5-year return | +63.4% | n/a |
| Volatility (ann.) | 33.0% | 51.2% |
| Beta vs S&P 500 | 1.40 | 1.67 |
| Max drawdown (3Y) | -40.6% | -51.0% |
| Market cap | $1.6B | $1.7B |
| P/E (trailing) | 23.8 | 201.9 |
| Dividend yield | 0.28% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTS | WS |
|---|---|---|
| 2022 | +7.8% | – |
| 2023 | +11.4% | – |
| 2024 | +20.9% | +15.4% |
| 2025 | -18.4% | +11.2% |
| 2026 | +34.7% | -0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and WS good diversifiers for each other?
To a limited degree. At 0.63 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 CTS and WS?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.72 over the last year and n/a over 5 years.
Is WS a good diversifier for CTS?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 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-ws.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cts-vs-ws/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTS correlations · WS correlations
