CWD vs ORBS: Correlation
Measured on weekly returns over the past three years, CaliberCos Inc. (CWD) and Eightco Holdings Inc. (ORBS) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWD and ORBS?
On 3 years of weekly data the CWD/ORBS correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.80 over 3. The 5-year figure is n/a, and annualized covariance runs at 89217.9 %².
ORBS is one of the assets that tracks CWD most closely: it ranks #1 out of the 16 assets we track against CWD. The last year tells two different stories: ORBS led by 21.6 percentage points, -66.5% for CWD against -44.9% for ORBS. One caveat on sizing: ORBS is 3.0 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 ORBS: side by side
| CWD (CaliberCos Inc.) | ORBS (Eightco Holdings Inc.) | |
|---|---|---|
| 1-year return | -66.5% | -44.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 194.6% | 575.8% |
| Beta vs S&P 500 | 1.40 | 3.91 |
| Max drawdown (3Y) | -98.7% | -98.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWD | ORBS |
|---|---|---|
| 2023 | – | -94.6% |
| 2024 | -45.8% | -14.8% |
| 2025 | -91.1% | -21.0% |
| 2026 | -54.0% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWD and ORBS good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CWD and ORBS?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.89 over the last year and n/a over 5 years.
Is ORBS a good diversifier for CWD?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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-orbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cwd-vs-orbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWD correlations · ORBS correlations
