CCEC vs CDTG: Correlation
Capital Clean Energy Carriers Corp. - Common Share (CCEC) and CDT Environmental Technology Investment Holdings Limited (CDTG) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEC and CDTG?
On 3 years of weekly data the CCEC/CDTG correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.19). The 5-year figure is n/a, and annualized covariance runs at -988.9 %².
CDTG is close to the least connected end of CCEC's tracked universe, ranking #8 of 10. The last year tells two different stories: CCEC led by 101.2 percentage points, +8.6% for CCEC against -92.6% for CDTG. Risk is not evenly split, since CDTG carries 5.1 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.
CCEC vs CDTG: side by side
| CCEC (Capital Clean Energy Carriers Corp. - Common Share) | CDTG (CDT Environmental Technology Investment Holdings Limited) | |
|---|---|---|
| 1-year return | +8.6% | -92.6% |
| 5-year return | +118.1% | n/a |
| Volatility (ann.) | 31.2% | 160.6% |
| Beta vs S&P 500 | 0.35 | 0.42 |
| Max drawdown (3Y) | -28.6% | -99.2% |
| Market cap | $1.4B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 2.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCEC | CDTG |
|---|---|---|
| 2022 | -11.8% | – |
| 2023 | +8.7% | – |
| 2024 | +33.9% | – |
| 2025 | +17.0% | -92.2% |
| 2026 | +11.5% | -87.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEC and CDTG good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCEC and CDTG?
The CCEC/CDTG correlation stands at -0.19 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CDTG a good diversifier for CCEC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/ccec-vs-cdtg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccec-vs-cdtg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEC correlations · CDTG correlations
