CWK vs SMP: Correlation
Cushman & Wakefield Ltd. (CWK) and Standard Motor Products, Inc. (SMP) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWK and SMP?
Across a 3-year window, the weekly returns of CWK and SMP correlate at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.58). Stretching to 5 years gives 0.53, with an annualized covariance of 972.4 %².
By 3-year correlation, SMP places #12 of the 26 assets tracked against CWK. The trailing year gives SMP the advantage: -11.4% versus -2.7%, a 8.7-point spread.
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 SMP: side by side
| CWK (Cushman & Wakefield Ltd.) | SMP (Standard Motor Products, Inc.) | |
|---|---|---|
| 1-year return | -11.4% | -2.7% |
| 5-year return | -22.4% | +1.1% |
| Volatility (ann.) | 47.1% | 35.3% |
| Beta vs S&P 500 | 1.67 | 0.75 |
| Max drawdown (3Y) | -49.0% | -44.8% |
| Market cap | $3.3B | $0.8B |
| P/E (trailing) | 50.5 | 9.4 |
| Dividend yield | 0.00% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWK | SMP |
|---|---|---|
| 2022 | -44.0% | -31.8% |
| 2023 | -13.3% | +18.0% |
| 2024 | +21.1% | -19.4% |
| 2025 | +23.8% | +23.4% |
| 2026 | -12.7% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWK and SMP good diversifiers for each other?
Only partially. A correlation of 0.58 means CWK and SMP 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 SMP?
The CWK/SMP correlation stands at 0.58 on a 3-year window (1 year: 0.34, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is SMP a good diversifier for CWK?
Only partially. A correlation of 0.58 means CWK and SMP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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
$ curl https://www.pairbook.io/api/v1/pairs/cwk-vs-smp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cwk-vs-smp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CWK correlations · SMP correlations
