CWK vs IRTC: Correlation
How closely do Cushman & Wakefield Ltd. (CWK) and iRhythm Holdings, Inc. (IRTC) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWK and IRTC?
Across a 3-year window, the weekly returns of CWK and IRTC correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 891.5 %².
Among the 26 assets we track against CWK, IRTC sits near the bottom by co-movement, at rank #22. Their recent paths diverged sharply: over the last 12 months CWK outperformed by 20.1 percentage points (-11.4% for CWK against -31.5% for IRTC).
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 IRTC: side by side
| CWK (Cushman & Wakefield Ltd.) | IRTC (iRhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -11.4% | -31.5% |
| 5-year return | -22.4% | +150.2% |
| Volatility (ann.) | 47.1% | 50.1% |
| Beta vs S&P 500 | 1.67 | 0.87 |
| Max drawdown (3Y) | -49.0% | -53.8% |
| Market cap | $3.3B | $3.8B |
| P/E (trailing) | 50.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWK | IRTC |
|---|---|---|
| 2022 | -44.0% | -20.4% |
| 2023 | -13.3% | +14.3% |
| 2024 | +21.1% | -15.8% |
| 2025 | +23.8% | +96.8% |
| 2026 | -12.7% | -34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWK and IRTC good diversifiers for each other?
Reasonably. At 0.38, CWK and IRTC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CWK and IRTC?
As of 2026-08-27, the correlation of weekly returns between CWK and IRTC is 0.38 over 3 years, 0.45 over 1 year and 0.30 over 5 years.
Is IRTC a good diversifier for CWK?
Reasonably. At 0.38, CWK and IRTC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CWK correlations · IRTC correlations
