CWD vs ISPC: Correlation
Measured on weekly returns over the past three years, CaliberCos Inc. (CWD) and iSpecimen Inc. (ISPC) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWD and ISPC?
Across a 3-year window, the weekly returns of CWD and ISPC correlate at 0.54, moderate. The past 12 months show a tighter link (0.76) than the 3-year average (0.54). Stretching to 5 years gives n/a, with an annualized covariance of 12740.6 %².
Among the 16 assets we track against CWD, ISPC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CWD outperformed by 28.1 percentage points (-66.5% for CWD against -94.6% for ISPC). Risk is not evenly split, since CWD 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.
CWD vs ISPC: side by side
| CWD (CaliberCos Inc.) | ISPC (iSpecimen Inc.) | |
|---|---|---|
| 1-year return | -66.5% | -94.6% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 194.6% | 121.8% |
| Beta vs S&P 500 | 1.40 | 0.67 |
| Max drawdown (3Y) | -98.7% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWD | ISPC |
|---|---|---|
| 2022 | – | -82.4% |
| 2023 | – | -63.6% |
| 2024 | -45.8% | -73.5% |
| 2025 | -91.1% | -90.2% |
| 2026 | -54.0% | -84.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWD and ISPC good diversifiers for each other?
Only partially. A correlation of 0.54 means CWD and ISPC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CWD and ISPC?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.76 over the last year and n/a over 5 years.
Is ISPC a good diversifier for CWD?
Only partially. A correlation of 0.54 means CWD and ISPC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cwd-vs-ispc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cwd-vs-ispc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWD correlations · ISPC correlations
