CWK vs FBRT: Correlation
Measured on weekly returns over the past three years, Cushman & Wakefield Ltd. (CWK) and Franklin BSP Realty Trust, Inc. (FBRT) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWK and FBRT?
On 3 years of weekly data the CWK/FBRT correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 669.2 %².
Among the 26 assets we track against CWK, FBRT ranks #7 by 3-year correlation. On 12-month performance CWK holds a 5.7-point edge, -11.4% against -17.1%. Note the risk asymmetry: CWK runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CWK vs FBRT: side by side
| CWK (Cushman & Wakefield Ltd.) | FBRT (Franklin BSP Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | -11.4% | -17.1% |
| 5-year return | -22.4% | -17.6% |
| Volatility (ann.) | 47.1% | 22.5% |
| Beta vs S&P 500 | 1.67 | 0.59 |
| Max drawdown (3Y) | -49.0% | -33.7% |
| Market cap | $3.3B | $0.7B |
| P/E (trailing) | 50.5 | 19.5 |
| Dividend yield | 0.00% | 13.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWK | FBRT |
|---|---|---|
| 2022 | -44.0% | -3.9% |
| 2023 | -13.3% | +16.6% |
| 2024 | +21.1% | +3.7% |
| 2025 | +23.8% | -9.2% |
| 2026 | -12.7% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWK and FBRT good diversifiers for each other?
Only partially. A correlation of 0.63 means CWK and FBRT 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 CWK and FBRT?
As of 2026-08-27, the correlation of weekly returns between CWK and FBRT is 0.63 over 3 years, 0.53 over 1 year and 0.54 over 5 years.
Is FBRT a good diversifier for CWK?
Only partially. A correlation of 0.63 means CWK and FBRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/cwk-vs-fbrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cwk-vs-fbrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWK correlations · FBRT correlations
