CLVT vs EVH: Correlation
How closely do Clarivate Plc (CLVT) and Evolent Health, Inc (EVH) 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 CLVT and EVH?
On 3 years of weekly data the CLVT/EVH correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 1612.2 %².
By 3-year correlation, EVH places #8 of the 13 assets tracked against CLVT. Twelve-month performance is nearly a tie, at -54.7% for CLVT and -52.3% for EVH.
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.
CLVT vs EVH: side by side
| CLVT (Clarivate Plc) | EVH (Evolent Health, Inc) | |
|---|---|---|
| 1-year return | -54.7% | -52.3% |
| 5-year return | -91.9% | -81.3% |
| Volatility (ann.) | 59.3% | 72.4% |
| Beta vs S&P 500 | 0.99 | 0.65 |
| Max drawdown (3Y) | -82.2% | -93.8% |
| Market cap | $1.3B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLVT | EVH |
|---|---|---|
| 2022 | -64.5% | +1.5% |
| 2023 | +11.0% | +17.6% |
| 2024 | -45.1% | -65.9% |
| 2025 | -34.3% | -64.4% |
| 2026 | -39.2% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLVT and EVH 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 CLVT and EVH?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.37 over the last year and 0.32 over 5 years.
Is EVH a good diversifier for CLVT?
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?
A reading of 0.38 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/clvt-vs-evh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clvt-vs-evh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLVT correlations · EVH correlations
