CUZ vs FNKO: Correlation
How closely do Cousins Properties Incorporated (CUZ) and Funko, Inc. (FNKO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUZ and FNKO?
Across a 3-year window, the weekly returns of CUZ and FNKO correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 891.4 %².
Among the 19 assets we track against CUZ, FNKO ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FNKO ahead by 94.2 points (+7.0% versus +101.2%). Note the risk asymmetry: FNKO runs 2.5 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.
CUZ vs FNKO: side by side
| CUZ (Cousins Properties Incorporated) | FNKO (Funko, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +101.2% |
| 5-year return | -3.8% | -63.9% |
| Volatility (ann.) | 27.6% | 70.2% |
| Beta vs S&P 500 | 0.82 | 1.95 |
| Max drawdown (3Y) | -29.4% | -83.0% |
| Market cap | $4.9B | $0.4B |
| P/E (trailing) | 737.2 | – |
| Dividend yield | 4.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUZ | FNKO |
|---|---|---|
| 2022 | -34.7% | -42.0% |
| 2023 | +2.0% | -29.1% |
| 2024 | +32.6% | +73.2% |
| 2025 | -12.1% | -74.6% |
| 2026 | +18.7% | +98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUZ and FNKO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CUZ and FNKO?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.52 over the last year and 0.39 over 5 years.
Is FNKO a good diversifier for CUZ?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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
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Related comparisons
Hubs: CUZ correlations · FNKO correlations
