CLVT vs MCO: Correlation
How closely do Clarivate Plc (CLVT) and Moody's Corporation (MCO) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLVT and MCO?
Across a 3-year window, the weekly returns of CLVT and MCO correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.51, with an annualized covariance of 740.4 %².
In CLVT's tracked universe of 13 assets, MCO sits right near the top at #3. The last year tells two different stories: MCO led by 55.4 percentage points, -54.7% for CLVT against +0.7% for MCO. Note the risk asymmetry: CLVT runs 2.3 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.
CLVT vs MCO: side by side
| CLVT (Clarivate Plc) | MCO (Moody's Corporation) | |
|---|---|---|
| 1-year return | -54.7% | +0.7% |
| 5-year return | -91.9% | +39.4% |
| Volatility (ann.) | 59.3% | 25.8% |
| Beta vs S&P 500 | 0.99 | 1.08 |
| Max drawdown (3Y) | -82.2% | -24.7% |
| Market cap | $1.3B | $88.2B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CLVT | MCO |
|---|---|---|
| 2022 | -64.5% | -28.0% |
| 2023 | +11.0% | +41.5% |
| 2024 | -45.1% | +22.2% |
| 2025 | -34.3% | +8.7% |
| 2026 | -39.2% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLVT and MCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLVT and MCO?
The CLVT/MCO correlation stands at 0.49 on a 3-year window (1 year: 0.70, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is MCO a good diversifier for CLVT?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined 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/clvt-vs-mco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clvt-vs-mco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLVT correlations · MCO correlations
