CLH vs RSP: Correlation
Clean Harbors, Inc. (CLH) and Invesco S&P 500 Equal Weight ETF (RSP) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLH and RSP?
On 3 years of weekly data the CLH/RSP correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.48). The 5-year figure is 0.51, and annualized covariance runs at 150.5 %².
By 3-year correlation, RSP places #5 of the 17 assets tracked against CLH. The trailing year gives CLH the advantage: +27.0% versus +19.2%, a 7.8-point spread. Risk is not evenly split, since CLH carries 1.8 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.
CLH vs RSP: side by side
| CLH (Clean Harbors, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +27.0% | +19.2% |
| 5-year return | +204.2% | +53.9% |
| Volatility (ann.) | 23.8% | 13.2% |
| Beta vs S&P 500 | 0.66 | 0.77 |
| Max drawdown (3Y) | -30.9% | -17.8% |
| Market cap | $16.5B | – |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 0.00% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | US Listed | ETF · US Large Cap |
On the fund side, RSP sits in the Large Blend category at Invesco, with $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | CLH | RSP |
|---|---|---|
| 2022 | +14.4% | -11.6% |
| 2023 | +52.9% | +13.7% |
| 2024 | +31.9% | +12.8% |
| 2025 | +1.9% | +11.2% |
| 2026 | +33.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLH and RSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLH and RSP?
The CLH/RSP correlation stands at 0.48 on a 3-year window (1 year: 0.20, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is RSP a good diversifier for CLH?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/clh-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clh-vs-rsp/)
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Related comparisons
Hubs: CLH correlations · RSP correlations
