CXW vs SXC: Correlation
How closely do CoreCivic, Inc. (CXW) and SunCoke Energy, Inc. (SXC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXW and SXC?
On 3 years of weekly data the CXW/SXC correlation comes out at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.54). The 5-year figure is 0.45, and annualized covariance runs at 1164.5 %².
Within CXW's tracked universe of 12 assets, SXC comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CXW outperformed by 18.6 percentage points (+64.5% for CXW against +45.9% for SXC).
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 SXC: side by side
| CXW (CoreCivic, Inc.) | SXC (SunCoke Energy, Inc.) | |
|---|---|---|
| 1-year return | +64.5% | +45.9% |
| 5-year return | +251.2% | +84.8% |
| Volatility (ann.) | 53.5% | 40.5% |
| Beta vs S&P 500 | 0.94 | 0.74 |
| Max drawdown (3Y) | -32.6% | -52.0% |
| Market cap | $3.3B | $0.9B |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 0.00% | 4.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXW | SXC |
|---|---|---|
| 2022 | +15.9% | +35.9% |
| 2023 | +25.7% | +29.8% |
| 2024 | +49.6% | +4.0% |
| 2025 | -12.1% | -28.6% |
| 2026 | +76.8% | +49.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXW and SXC good diversifiers for each other?
Only partially. A correlation of 0.54 means CXW and SXC 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 SXC?
The CXW/SXC correlation stands at 0.54 on a 3-year window (1 year: 0.37, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is SXC a good diversifier for CXW?
Only partially. A correlation of 0.54 means CXW and SXC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-sxc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cxw-vs-sxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CXW correlations · SXC correlations
