CISS vs CLBT: Correlation
C3is Inc. (CISS) and Cellebrite DI Ltd. (CLBT) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISS and CLBT?
Over the past 3 years, CISS and CLBT moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -35919.2 %².
Among the 42 assets we track against CISS, CLBT ranks #37 by 3-year correlation. The last year tells two different stories: CLBT led by 74.1 percentage points, -99.5% for CISS against -25.4% for CLBT. Note the risk asymmetry: CISS runs 40.3 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.
CISS vs CLBT: side by side
| CISS (C3is Inc.) | CLBT (Cellebrite DI Ltd.) | |
|---|---|---|
| 1-year return | -99.5% | -25.4% |
| 5-year return | n/a | +22.2% |
| Volatility (ann.) | 2098.5% | 52.1% |
| Beta vs S&P 500 | 2.24 | 0.97 |
| Max drawdown (3Y) | -100.0% | -59.8% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 51.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISS | CLBT |
|---|---|---|
| 2022 | – | -45.6% |
| 2023 | – | +98.6% |
| 2024 | -98.9% | +154.4% |
| 2025 | -97.3% | -18.2% |
| 2026 | -93.4% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISS and CLBT good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CISS and CLBT?
As of 2026-08-27, the correlation of weekly returns between CISS and CLBT is -0.33 over 3 years, -0.45 over 1 year and n/a over 5 years.
Is CLBT a good diversifier for CISS?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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: CISS correlations · CLBT correlations
