CWCO vs YORW: Correlation
How closely do Consolidated Water Co. Ltd. (CWCO) and The York Water Company (YORW) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWCO and YORW?
Over the past 3 years, CWCO and YORW moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 329.4 %².
In CWCO's tracked universe of 12 assets, YORW sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months YORW outperformed by 19.2 percentage points (-8.3% for CWCO against +10.9% for YORW). One caveat on sizing: CWCO is 1.5 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.
CWCO vs YORW: side by side
| CWCO (Consolidated Water Co. Ltd.) | YORW (The York Water Company) | |
|---|---|---|
| 1-year return | -8.3% | +10.9% |
| 5-year return | +171.8% | -26.0% |
| Volatility (ann.) | 30.8% | 20.5% |
| Beta vs S&P 500 | 0.65 | 0.18 |
| Max drawdown (3Y) | -38.2% | -26.4% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | 29.5 | 21.2 |
| Dividend yield | 1.86% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWCO | YORW |
|---|---|---|
| 2022 | +42.6% | -7.9% |
| 2023 | +144.2% | -12.4% |
| 2024 | -26.5% | -13.2% |
| 2025 | +38.7% | +0.1% |
| 2026 | -13.6% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWCO and YORW good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CWCO and YORW?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.53 over the last year and 0.38 over 5 years.
Is YORW a good diversifier for CWCO?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/cwco-vs-yorw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cwco-vs-yorw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CWCO correlations · YORW correlations
