CWD vs MMA: Correlation
How closely do CaliberCos Inc. (CWD) and Mixed Martial Arts Group Limited (MMA) 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 CWD and MMA?
Across a 3-year window, the weekly returns of CWD and MMA correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.46). Stretching to 5 years gives n/a, with an annualized covariance of 13293.0 %².
Among the 16 assets we track against CWD, MMA ranks #6 by 3-year correlation. Over the last 12 months MMA came out ahead by 14.9 percentage points (-66.5% against -51.6%).
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 MMA: side by side
| CWD (CaliberCos Inc.) | MMA (Mixed Martial Arts Group Limited) | |
|---|---|---|
| 1-year return | -66.5% | -51.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 194.6% | 134.6% |
| Beta vs S&P 500 | 1.40 | 2.08 |
| Max drawdown (3Y) | -98.7% | -92.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWD | MMA |
|---|---|---|
| 2024 | -45.8% | – |
| 2025 | -91.1% | -20.6% |
| 2026 | -54.0% | -58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWD and MMA good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CWD and MMA?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.69 over the last year and n/a over 5 years.
Is MMA a good diversifier for CWD?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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
$ curl https://www.pairbook.io/api/v1/pairs/cwd-vs-mma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwd-vs-mma/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CWD correlations · MMA correlations
