CLWT vs INVH: Correlation
Euro Tech Holdings Company Limited (CLWT) and Invitation Homes (INVH) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLWT and INVH?
On 3 years of weekly data the CLWT/INVH correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at -165.0 %².
Within CLWT's tracked universe of 16 assets, INVH comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CLWT outperformed by 24.3 percentage points (+22.4% for CLWT against -1.9% for INVH). One caveat on sizing: CLWT is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLWT vs INVH: side by side
| CLWT (Euro Tech Holdings Company Limited) | INVH (Invitation Homes) | |
|---|---|---|
| 1-year return | +22.4% | -1.9% |
| 5-year return | -52.6% | -16.8% |
| Volatility (ann.) | 49.8% | 21.2% |
| Beta vs S&P 500 | 0.40 | 0.50 |
| Max drawdown (3Y) | -44.3% | -30.9% |
| Market cap | – | $17.4B |
| P/E (trailing) | 83.2 | 27.3 |
| Dividend yield | 0.00% | 3.98% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | CLWT | INVH |
|---|---|---|
| 2022 | -53.6% | -33.0% |
| 2023 | +14.7% | +19.7% |
| 2024 | -11.2% | -3.1% |
| 2025 | -13.7% | -9.7% |
| 2026 | +38.7% | +7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLWT and INVH good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLWT and INVH?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.22 over the last year and 0.02 over 5 years.
Is INVH a good diversifier for CLWT?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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/clwt-vs-invh.json
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Related comparisons
Hubs: CLWT correlations · INVH correlations
