CWK vs SOLV: Correlation
How closely do Cushman & Wakefield Ltd. (CWK) and Solventum (SOLV) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWK and SOLV?
Over the past 3 years, CWK and SOLV moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 627.0 %².
By 3-year correlation, SOLV places #18 of the 26 assets tracked against CWK. Correlation aside, the last 12 months split them widely, with SOLV ahead by 36.1 points (-11.4% versus +24.7%). Note the risk asymmetry: CWK runs 1.5 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 SOLV: side by side
| CWK (Cushman & Wakefield Ltd.) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -11.4% | +24.7% |
| 5-year return | -22.4% | n/a |
| Volatility (ann.) | 47.1% | 30.4% |
| Beta vs S&P 500 | 1.67 | 0.62 |
| Max drawdown (3Y) | -49.0% | -40.0% |
| Market cap | $3.3B | $15.5B |
| P/E (trailing) | 50.5 | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CWK | SOLV |
|---|---|---|
| 2022 | -44.0% | – |
| 2023 | -13.3% | – |
| 2024 | +21.1% | – |
| 2025 | +23.8% | +20.0% |
| 2026 | -12.7% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWK and SOLV 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 SOLV?
The CWK/SOLV correlation stands at 0.47 on a 3-year window (1 year: 0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SOLV 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?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cwk-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwk-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWK correlations · SOLV correlations
