CLNE vs KTB: Correlation
Clean Energy Fuels Corp. (CLNE) and Kontoor Brands, Inc. (KTB) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLNE and KTB?
Over the past 3 years, CLNE and KTB moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1358.8 %².
In CLNE's tracked universe of 10 assets, KTB sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months KTB outperformed by 40.3 percentage points (-39.4% for CLNE against +0.9% for KTB).
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.
CLNE vs KTB: side by side
| CLNE (Clean Energy Fuels Corp.) | KTB (Kontoor Brands, Inc.) | |
|---|---|---|
| 1-year return | -39.4% | +0.9% |
| 5-year return | -79.6% | +65.6% |
| Volatility (ann.) | 58.8% | 44.3% |
| Beta vs S&P 500 | 1.36 | 1.05 |
| Max drawdown (3Y) | -71.5% | -44.9% |
| Market cap | $0.4B | $4.2B |
| P/E (trailing) | – | 15.6 |
| Dividend yield | 0.00% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLNE | KTB |
|---|---|---|
| 2022 | -15.2% | -18.3% |
| 2023 | -26.3% | +62.6% |
| 2024 | -34.5% | +40.7% |
| 2025 | -16.3% | -26.3% |
| 2026 | -23.8% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLNE and KTB good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CLNE and KTB?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.47 over the last year and 0.39 over 5 years.
Is KTB a good diversifier for CLNE?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clne-vs-ktb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clne-vs-ktb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLNE correlations · KTB correlations
