CLH vs RVT: Correlation
Measured on weekly returns over the past three years, Clean Harbors, Inc. (CLH) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLH and RVT?
Across a 3-year window, the weekly returns of CLH and RVT correlate at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.49 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 223.4 %².
Within CLH's tracked universe of 17 assets, RVT comes in at #4 by 3-year correlation. Their 12-month results are close: +27.0% for CLH against +27.4% for RVT.
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 RVT: side by side
| CLH (Clean Harbors, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +27.0% | +27.4% |
| 5-year return | +204.2% | +53.9% |
| Volatility (ann.) | 23.8% | 19.1% |
| Beta vs S&P 500 | 0.66 | 0.99 |
| Max drawdown (3Y) | -30.9% | -23.5% |
| Market cap | $16.5B | $2.3B |
| P/E (trailing) | 37.8 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLH | RVT |
|---|---|---|
| 2022 | +14.4% | -26.3% |
| 2023 | +52.9% | +18.8% |
| 2024 | +31.9% | +17.9% |
| 2025 | +1.9% | +11.5% |
| 2026 | +33.0% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLH and RVT good diversifiers for each other?
Reasonably. At 0.49, CLH and RVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLH and RVT?
The CLH/RVT correlation stands at 0.49 on a 3-year window (1 year: 0.25, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for CLH?
Reasonably. At 0.49, CLH and RVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clh-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLH correlations · RVT correlations
