CLOV vs LOAR: Correlation
How closely do Clover Health Investments, Corp. (CLOV) and Loar Holdings Inc. (LOAR) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLOV and LOAR?
Across a 3-year window, the weekly returns of CLOV and LOAR correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.38 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1538.5 %².
In CLOV's tracked universe of 10 assets, LOAR sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CLOV outperformed by 57.6 percentage points (+57.2% for CLOV against -0.4% for LOAR). Note the risk asymmetry: CLOV runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLOV vs LOAR: side by side
| CLOV (Clover Health Investments, Corp.) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | +57.2% | -0.4% |
| 5-year return | -50.1% | n/a |
| Volatility (ann.) | 77.7% | 49.2% |
| Beta vs S&P 500 | 1.73 | 1.21 |
| Max drawdown (3Y) | -64.7% | -46.0% |
| Market cap | $2.2B | $6.8B |
| P/E (trailing) | – | 102.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLOV | LOAR |
|---|---|---|
| 2022 | -75.0% | – |
| 2023 | +2.4% | – |
| 2024 | +230.9% | – |
| 2025 | -25.4% | -8.0% |
| 2026 | +80.0% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLOV and LOAR good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLOV and LOAR?
The CLOV/LOAR correlation stands at 0.38 on a 3-year window (1 year: 0.43, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LOAR a good diversifier for CLOV?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clov-vs-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clov-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLOV correlations · LOAR correlations
