CCI vs CLWT: Correlation
How closely do Crown Castle (CCI) and Euro Tech Holdings Company Limited (CLWT) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and CLWT?
Across a 3-year window, the weekly returns of CCI and CLWT correlate at -0.14, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.14 over 3. Stretching to 5 years gives 0.04, with an annualized covariance of -199.5 %².
By 3-year correlation, CLWT places #21 of the 30 assets tracked against CCI. Correlation aside, the last 12 months split them widely, with CLWT ahead by 43.9 points (-21.5% versus +22.4%). Note the risk asymmetry: CLWT runs 1.8 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.
CCI vs CLWT: side by side
| CCI (Crown Castle) | CLWT (Euro Tech Holdings Company Limited) | |
|---|---|---|
| 1-year return | -21.5% | +22.4% |
| 5-year return | -50.4% | -52.6% |
| Volatility (ann.) | 28.4% | 49.8% |
| Beta vs S&P 500 | 0.22 | 0.40 |
| Max drawdown (3Y) | -33.0% | -44.3% |
| Market cap | $32.8B | – |
| P/E (trailing) | 30.9 | 83.2 |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | CLWT |
|---|---|---|
| 2022 | -32.6% | -53.6% |
| 2023 | -10.2% | +14.7% |
| 2024 | -16.4% | -11.2% |
| 2025 | +3.0% | -13.7% |
| 2026 | -13.5% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and CLWT good diversifiers for each other?
Yes. With a correlation of -0.14, CCI and CLWT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCI and CLWT?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.21 over the last year and 0.04 over 5 years.
Is CLWT a good diversifier for CCI?
Yes. With a correlation of -0.14, CCI and CLWT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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/cci-vs-clwt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cci-vs-clwt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCI correlations · CLWT correlations
