CLWT vs MLCI: Correlation
Euro Tech Holdings Company Limited (CLWT) and Mount Logan Capital Inc. (MLCI) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLWT and MLCI?
Over the past 3 years, CLWT and MLCI moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -678.9 %².
Among the 16 assets we track against CLWT, MLCI sits near the bottom by co-movement, at rank #15. The last year tells two different stories: CLWT led by 52.6 percentage points, +22.4% for CLWT against -30.2% for MLCI.
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 MLCI: side by side
| CLWT (Euro Tech Holdings Company Limited) | MLCI (Mount Logan Capital Inc.) | |
|---|---|---|
| 1-year return | +22.4% | -30.2% |
| 5-year return | -52.6% | -55.0% |
| Volatility (ann.) | 49.8% | 54.8% |
| Beta vs S&P 500 | 0.40 | 0.45 |
| Max drawdown (3Y) | -44.3% | -68.8% |
| Market cap | – | – |
| P/E (trailing) | 83.2 | – |
| Dividend yield | 0.00% | 4.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLWT | MLCI |
|---|---|---|
| 2022 | -53.6% | -28.2% |
| 2023 | +14.7% | -22.3% |
| 2024 | -11.2% | -10.5% |
| 2025 | -13.7% | +125.7% |
| 2026 | +38.7% | -60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLWT and MLCI good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLWT and MLCI?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.31 over the last year and -0.13 over 5 years.
Is MLCI a good diversifier for CLWT?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: CLWT correlations · MLCI correlations
