CDTG vs CNH: Correlation
How closely do CDT Environmental Technology Investment Holdings Limited (CDTG) and CNH Industrial N.V. (CNH) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and CNH?
Across a 3-year window, the weekly returns of CDTG and CNH correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1258.7 %².
By 3-year correlation, CNH places #23 of the 34 assets tracked against CDTG. Their recent paths diverged sharply: over the last 12 months CNH outperformed by 88.2 percentage points (-92.6% for CDTG against -4.4% for CNH). Note the risk asymmetry: CDTG runs 4.8 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.
CDTG vs CNH: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | CNH (CNH Industrial N.V.) | |
|---|---|---|
| 1-year return | -92.6% | -4.4% |
| 5-year return | n/a | -12.0% |
| Volatility (ann.) | 160.6% | 33.5% |
| Beta vs S&P 500 | 0.42 | 0.73 |
| Max drawdown (3Y) | -99.2% | -33.2% |
| Market cap | – | $18.4B |
| P/E (trailing) | – | 45.7 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | CNH |
|---|---|---|
| 2022 | – | -3.2% |
| 2023 | – | -22.0% |
| 2024 | – | -3.1% |
| 2025 | -92.2% | -17.1% |
| 2026 | -87.0% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and CNH good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDTG and CNH?
As of 2026-08-27, the correlation of weekly returns between CDTG and CNH is -0.23 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is CNH a good diversifier for CDTG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdtg-vs-cnh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdtg-vs-cnh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDTG correlations · CNH correlations
