CLVT vs SPGI: Correlation
How closely do Clarivate Plc (CLVT) and S&P Global (SPGI) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLVT and SPGI?
Over the past 3 years, CLVT and SPGI moved with a correlation of 0.53, which is moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.53). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 782.2 %².
Few assets follow CLVT as closely as SPGI, which ranks #1 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with SPGI ahead by 39.1 points (-54.7% versus -15.6%). Risk is not evenly split, since CLVT carries 2.4 times the volatility of the other side.
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 SPGI: side by side
| CLVT (Clarivate Plc) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -54.7% | -15.6% |
| 5-year return | -91.9% | +8.1% |
| Volatility (ann.) | 59.3% | 24.7% |
| Beta vs S&P 500 | 0.99 | 0.86 |
| Max drawdown (3Y) | -82.2% | -30.5% |
| Market cap | $1.3B | $128.4B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CLVT | SPGI |
|---|---|---|
| 2022 | -64.5% | -28.4% |
| 2023 | +11.0% | +32.8% |
| 2024 | -45.1% | +13.9% |
| 2025 | -34.3% | +5.7% |
| 2026 | -39.2% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLVT and SPGI good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLVT and SPGI?
The CLVT/SPGI correlation stands at 0.53 on a 3-year window (1 year: 0.73, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SPGI a good diversifier for CLVT?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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.
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Related comparisons
Hubs: CLVT correlations · SPGI correlations
