CTEV vs DRCT: Correlation
Measured on weekly returns over the past three years, Claritev Corporation (CTEV) and Direct Digital Holdings, Inc. (DRCT) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTEV and DRCT?
On 3 years of weekly data the CTEV/DRCT correlation comes out at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.00 versus 0.55 over 3 years. The 5-year figure is 0.50, and annualized covariance runs at 23503.1 %².
Among the 12 assets we track against CTEV, DRCT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CTEV outperformed by 51.6 percentage points (-46.0% for CTEV against -97.6% for DRCT). Note the risk asymmetry: DRCT runs 1.6 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.
CTEV vs DRCT: side by side
| CTEV (Claritev Corporation) | DRCT (Direct Digital Holdings, Inc.) | |
|---|---|---|
| 1-year return | -46.0% | -97.6% |
| 5-year return | -83.9% | -99.7% |
| Volatility (ann.) | 161.9% | 263.7% |
| Beta vs S&P 500 | 1.96 | 1.38 |
| Max drawdown (3Y) | -93.4% | -100.0% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTEV | DRCT |
|---|---|---|
| 2022 | -74.0% | – |
| 2023 | +25.2% | +513.6% |
| 2024 | -74.3% | -89.3% |
| 2025 | +189.2% | -96.0% |
| 2026 | -9.3% | -83.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTEV and DRCT good diversifiers for each other?
Only partially. A correlation of 0.55 means CTEV and DRCT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CTEV and DRCT?
The CTEV/DRCT correlation stands at 0.55 on a 3-year window (1 year: -0.00, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is DRCT a good diversifier for CTEV?
Only partially. A correlation of 0.55 means CTEV and DRCT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/ctev-vs-drct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctev-vs-drct/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTEV correlations · DRCT correlations
