CWD vs FERG: Correlation
CaliberCos Inc. (CWD) and Ferguson Enterprises (FERG) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWD and FERG?
On 3 years of weekly data the CWD/FERG correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.20). The 5-year figure is n/a, and annualized covariance runs at -1168.9 %².
FERG is close to the least connected end of CWD's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with FERG ahead by 67.6 points (-66.5% versus +1.1%). One caveat on sizing: CWD is 6.5 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.
CWD vs FERG: side by side
| CWD (CaliberCos Inc.) | FERG (Ferguson Enterprises) | |
|---|---|---|
| 1-year return | -66.5% | +1.1% |
| 5-year return | n/a | +82.2% |
| Volatility (ann.) | 194.6% | 30.0% |
| Beta vs S&P 500 | 1.40 | 0.99 |
| Max drawdown (3Y) | -98.7% | -32.9% |
| Market cap | – | $45.1B |
| P/E (trailing) | – | 23.0 |
| Dividend yield | 0.00% | 1.80% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CWD | FERG |
|---|---|---|
| 2022 | – | -27.2% |
| 2023 | – | +55.1% |
| 2024 | -45.8% | -8.6% |
| 2025 | -91.1% | +29.9% |
| 2026 | -54.0% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWD and FERG good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CWD and FERG?
The CWD/FERG correlation stands at -0.20 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FERG a good diversifier for CWD?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/cwd-vs-ferg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwd-vs-ferg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CWD correlations · FERG correlations
