CLB vs ITGR: Correlation
How closely do Core Laboratories Inc. (CLB) and Integer Holdings Corporation (ITGR) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLB and ITGR?
On 3 years of weekly data the CLB/ITGR correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.20). The 5-year figure is -0.04, and annualized covariance runs at -352.6 %².
Among the 15 assets we track against CLB, ITGR sits near the bottom by co-movement, at rank #13. On 12-month performance ITGR holds a 5.3-point edge, +10.6% against +15.9%. Risk is not evenly split, since CLB carries 1.6 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.
CLB vs ITGR: side by side
| CLB (Core Laboratories Inc.) | ITGR (Integer Holdings Corporation) | |
|---|---|---|
| 1-year return | +10.6% | +15.9% |
| 5-year return | -55.8% | +28.7% |
| Volatility (ann.) | 53.1% | 33.7% |
| Beta vs S&P 500 | 0.91 | 0.56 |
| Max drawdown (3Y) | -62.5% | -56.1% |
| Market cap | $0.6B | $4.3B |
| P/E (trailing) | 23.2 | 34.2 |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLB | ITGR |
|---|---|---|
| 2022 | -9.0% | -20.0% |
| 2023 | -12.7% | +44.7% |
| 2024 | -1.8% | +33.8% |
| 2025 | -7.1% | -40.8% |
| 2026 | -23.2% | +59.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLB and ITGR good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLB and ITGR?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.50 over the last year and -0.04 over 5 years.
Is ITGR a good diversifier for CLB?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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: CLB correlations · ITGR correlations
