CWK vs MMI: Correlation
Measured on weekly returns over the past three years, Cushman & Wakefield Ltd. (CWK) and Marcus & Millichap, Inc. (MMI) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWK and MMI?
On 3 years of weekly data the CWK/MMI correlation comes out at 0.75, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 1115.0 %².
Within CWK's tracked universe of 26 assets, MMI comes in at #5 by 3-year correlation. On 12-month performance MMI holds a 10.1-point edge, -11.4% against -1.3%.
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 MMI: side by side
| CWK (Cushman & Wakefield Ltd.) | MMI (Marcus & Millichap, Inc.) | |
|---|---|---|
| 1-year return | -11.4% | -1.3% |
| 5-year return | -22.4% | -11.7% |
| Volatility (ann.) | 47.1% | 31.5% |
| Beta vs S&P 500 | 1.67 | 0.84 |
| Max drawdown (3Y) | -49.0% | -41.7% |
| Market cap | $3.3B | $1.2B |
| P/E (trailing) | 50.5 | 85.9 |
| Dividend yield | 0.00% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWK | MMI |
|---|---|---|
| 2022 | -44.0% | -30.8% |
| 2023 | -13.3% | +28.8% |
| 2024 | +21.1% | -11.2% |
| 2025 | +23.8% | -27.6% |
| 2026 | -12.7% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWK and MMI good diversifiers for each other?
Only partially. A correlation of 0.75 means CWK and MMI 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 MMI?
As of 2026-08-27, the correlation of weekly returns between CWK and MMI is 0.75 over 3 years, 0.68 over 1 year and 0.73 over 5 years.
Is MMI a good diversifier for CWK?
Only partially. A correlation of 0.75 means CWK and MMI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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-mmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwk-vs-mmi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWK correlations · MMI correlations
