CWD vs SNPS: Correlation
How closely do CaliberCos Inc. (CWD) and Synopsys (SNPS) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWD and SNPS?
Across a 3-year window, the weekly returns of CWD and SNPS correlate at -0.33, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.33). Stretching to 5 years gives n/a, with an annualized covariance of -2686.4 %².
Among the 16 assets we track against CWD, SNPS sits near the bottom by co-movement, at rank #15. The last year tells two different stories: SNPS led by 43.6 percentage points, -66.5% for CWD against -22.9% for SNPS. Risk is not evenly split, since CWD carries 4.6 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 SNPS: side by side
| CWD (CaliberCos Inc.) | SNPS (Synopsys) | |
|---|---|---|
| 1-year return | -66.5% | -22.9% |
| 5-year return | n/a | +39.1% |
| Volatility (ann.) | 194.6% | 42.2% |
| Beta vs S&P 500 | 1.40 | 1.57 |
| Max drawdown (3Y) | -98.7% | -42.3% |
| Market cap | – | $89.1B |
| P/E (trailing) | – | 71.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CWD | SNPS |
|---|---|---|
| 2022 | – | -13.4% |
| 2023 | – | +61.3% |
| 2024 | -45.8% | -5.7% |
| 2025 | -91.1% | -3.2% |
| 2026 | -54.0% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWD and SNPS good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between CWD and SNPS?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.48 over the last year and n/a over 5 years.
Is SNPS a good diversifier for CWD?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CWD correlations · SNPS correlations
