CWK vs INCY: Correlation
Measured on weekly returns over the past three years, Cushman & Wakefield Ltd. (CWK) and Incyte (INCY) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWK and INCY?
Across a 3-year window, the weekly returns of CWK and INCY correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 730.0 %².
Within CWK's tracked universe of 26 assets, INCY comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months INCY outperformed by 62.0 percentage points (-11.4% for CWK against +50.6% for INCY).
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 INCY: side by side
| CWK (Cushman & Wakefield Ltd.) | INCY (Incyte) | |
|---|---|---|
| 1-year return | -11.4% | +50.6% |
| 5-year return | -22.4% | +68.0% |
| Volatility (ann.) | 47.1% | 33.1% |
| Beta vs S&P 500 | 1.67 | 0.45 |
| Max drawdown (3Y) | -49.0% | -33.8% |
| Market cap | $3.3B | $25.9B |
| P/E (trailing) | 50.5 | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CWK | INCY |
|---|---|---|
| 2022 | -44.0% | +9.4% |
| 2023 | -13.3% | -21.8% |
| 2024 | +21.1% | +10.0% |
| 2025 | +23.8% | +43.0% |
| 2026 | -12.7% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWK and INCY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CWK and INCY?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.53 over the last year and 0.39 over 5 years.
Is INCY a good diversifier for CWK?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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
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Related comparisons
Hubs: CWK correlations · INCY correlations
