CLH vs WMT: Correlation
Measured on weekly returns over the past three years, Clean Harbors, Inc. (CLH) and Walmart (WMT) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLH and WMT?
Across a 3-year window, the weekly returns of CLH and WMT correlate at 0.39, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.39). Stretching to 5 years gives 0.33, with an annualized covariance of 213.0 %².
Within CLH's tracked universe of 17 assets, WMT comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CLH ahead by 19.3 points (+27.0% versus +7.7%).
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 WMT: side by side
| CLH (Clean Harbors, Inc.) | WMT (Walmart) | |
|---|---|---|
| 1-year return | +27.0% | +7.7% |
| 5-year return | +204.2% | +121.9% |
| Volatility (ann.) | 23.8% | 23.0% |
| Beta vs S&P 500 | 0.66 | 0.53 |
| Max drawdown (3Y) | -30.9% | -23.3% |
| Market cap | $16.5B | $816.7B |
| P/E (trailing) | 37.8 | 37.1 |
| Dividend yield | 0.00% | 0.92% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CLH | WMT |
|---|---|---|
| 2022 | +14.4% | -0.5% |
| 2023 | +52.9% | +12.9% |
| 2024 | +31.9% | +74.0% |
| 2025 | +1.9% | +24.5% |
| 2026 | +33.0% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLH and WMT good diversifiers for each other?
Reasonably. At 0.39, CLH and WMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLH and WMT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.52 over the last year and 0.33 over 5 years.
Is WMT a good diversifier for CLH?
Reasonably. At 0.39, CLH and WMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CLH correlations · WMT correlations
