CXW vs GEO: Correlation
CoreCivic, Inc. (CXW) and Geo Group Inc (The) REIT (GEO) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXW and GEO?
Across a 3-year window, the weekly returns of CXW and GEO correlate at 0.82, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.71) runs below the 3-year figure (0.82). Stretching to 5 years gives 0.77, with an annualized covariance of 2751.7 %².
Few assets follow CXW as closely as GEO, which ranks #1 of 12 tracked partners. Over the last 12 months CXW came out ahead by 7.8 percentage points (+64.5% against +56.7%).
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.
CXW vs GEO: side by side
| CXW (CoreCivic, Inc.) | GEO (Geo Group Inc (The) REIT) | |
|---|---|---|
| 1-year return | +64.5% | +56.7% |
| 5-year return | +251.2% | +328.4% |
| Volatility (ann.) | 53.5% | 62.4% |
| Beta vs S&P 500 | 0.94 | 1.22 |
| Max drawdown (3Y) | -32.6% | -62.5% |
| Market cap | $3.3B | $4.3B |
| P/E (trailing) | 27.0 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXW | GEO |
|---|---|---|
| 2022 | +15.9% | +41.3% |
| 2023 | +25.7% | -1.1% |
| 2024 | +49.6% | +158.4% |
| 2025 | -12.1% | -42.4% |
| 2026 | +76.8% | +102.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXW and GEO good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CXW and GEO?
The CXW/GEO correlation stands at 0.82 on a 3-year window (1 year: 0.71, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is GEO a good diversifier for CXW?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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/cxw-vs-geo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cxw-vs-geo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CXW correlations · GEO correlations
