CXW vs SPPL: Correlation
Measured on weekly returns over the past three years, CoreCivic, Inc. (CXW) and SIMPPLE LTD. (SPPL) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXW and SPPL?
On 3 years of weekly data the CXW/SPPL correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.59 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 5442.8 %².
SPPL is one of the assets that tracks CXW most closely: it ranks #2 out of the 12 assets we track against CXW. The last year tells two different stories: CXW led by 95.5 percentage points, +64.5% for CXW against -31.0% for SPPL. Risk is not evenly split, since SPPL carries 3.2 times the volatility of the other side.
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 SPPL: side by side
| CXW (CoreCivic, Inc.) | SPPL (SIMPPLE LTD.) | |
|---|---|---|
| 1-year return | +64.5% | -31.0% |
| 5-year return | +251.2% | n/a |
| Volatility (ann.) | 53.5% | 172.3% |
| Beta vs S&P 500 | 0.94 | 3.00 |
| Max drawdown (3Y) | -32.6% | -97.6% |
| Market cap | $3.3B | – |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXW | SPPL |
|---|---|---|
| 2022 | +15.9% | – |
| 2023 | +25.7% | – |
| 2024 | +49.6% | -83.1% |
| 2025 | -12.1% | -46.9% |
| 2026 | +76.8% | -49.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXW and SPPL good diversifiers for each other?
Only partially. A correlation of 0.59 means CXW and SPPL 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 CXW and SPPL?
The CXW/SPPL correlation stands at 0.59 on a 3-year window (1 year: 0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPPL a good diversifier for CXW?
Only partially. A correlation of 0.59 means CXW and SPPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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.
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Related comparisons
Hubs: CXW correlations · SPPL correlations
