CUZ vs PDM: Correlation
Cousins Properties Incorporated (CUZ) and Piedmont Realty Trust, Inc. (PDM) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUZ and PDM?
Across a 3-year window, the weekly returns of CUZ and PDM correlate at 0.78, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.82, with an annualized covariance of 765.3 %².
Among the 19 assets we track against CUZ, PDM ranks #5 by 3-year correlation. The trailing year gives PDM the advantage: +7.0% versus +16.0%, a 9.0-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.
CUZ vs PDM: side by side
| CUZ (Cousins Properties Incorporated) | PDM (Piedmont Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +16.0% |
| 5-year return | -3.8% | -29.9% |
| Volatility (ann.) | 27.6% | 35.3% |
| Beta vs S&P 500 | 0.82 | 0.95 |
| Max drawdown (3Y) | -29.4% | -46.4% |
| Market cap | $4.9B | $1.2B |
| P/E (trailing) | 737.2 | – |
| Dividend yield | 4.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUZ | PDM |
|---|---|---|
| 2022 | -34.7% | -46.8% |
| 2023 | +2.0% | -14.8% |
| 2024 | +32.6% | +37.2% |
| 2025 | -12.1% | -7.3% |
| 2026 | +18.7% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUZ and PDM good diversifiers for each other?
To a limited degree. At 0.78 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 CUZ and PDM?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.71 over the last year and 0.82 over 5 years.
Is PDM a good diversifier for CUZ?
To a limited degree. At 0.78 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 0.78 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/cuz-vs-pdm.json
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Related comparisons
Hubs: CUZ correlations · PDM correlations
