CLAR vs W: Correlation
Measured on weekly returns over the past three years, Clarus Corporation (CLAR) and Wayfair Inc. (W) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLAR and W?
On 3 years of weekly data the CLAR/W correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.51 over 3. The 5-year figure is 0.40, and annualized covariance runs at 1509.5 %².
Few assets follow CLAR as closely as W, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with W ahead by 35.7 points (+5.3% versus +41.0%). Note the risk asymmetry: W runs 1.5 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.
CLAR vs W: side by side
| CLAR (Clarus Corporation) | W (Wayfair Inc.) | |
|---|---|---|
| 1-year return | +5.3% | +41.0% |
| 5-year return | -85.0% | -64.0% |
| Volatility (ann.) | 44.2% | 67.1% |
| Beta vs S&P 500 | 1.03 | 2.50 |
| Max drawdown (3Y) | -64.4% | -67.7% |
| Market cap | $0.1B | $14.4B |
| P/E (trailing) | – | – |
| Dividend yield | 2.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLAR | W |
|---|---|---|
| 2022 | -71.5% | -82.7% |
| 2023 | -10.8% | +87.6% |
| 2024 | -33.4% | -28.2% |
| 2025 | -23.6% | +126.6% |
| 2026 | +15.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLAR and W good diversifiers for each other?
Only partially. A correlation of 0.51 means CLAR and W 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 CLAR and W?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.53 over the last year and 0.40 over 5 years.
Is W a good diversifier for CLAR?
Only partially. A correlation of 0.51 means CLAR and W share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/clar-vs-w.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clar-vs-w/)
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Related comparisons
Hubs: CLAR correlations · W correlations
