CTEV vs LNZA: Correlation
How closely do Claritev Corporation (CTEV) and LanzaTech Global, Inc. (LNZA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTEV and LNZA?
Across a 3-year window, the weekly returns of CTEV and LNZA correlate at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.35). Stretching to 5 years gives 0.32, with an annualized covariance of 8234.9 %².
Among the 12 assets we track against CTEV, LNZA ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTEV ahead by 26.1 points (-46.0% versus -72.1%).
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 LNZA: side by side
| CTEV (Claritev Corporation) | LNZA (LanzaTech Global, Inc.) | |
|---|---|---|
| 1-year return | -46.0% | -72.1% |
| 5-year return | -83.9% | -99.4% |
| Volatility (ann.) | 161.9% | 146.7% |
| Beta vs S&P 500 | 1.96 | 1.84 |
| Max drawdown (3Y) | -93.4% | -99.4% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | 0.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTEV | LNZA |
|---|---|---|
| 2022 | -74.0% | +3.3% |
| 2023 | +25.2% | -49.6% |
| 2024 | -74.3% | -72.8% |
| 2025 | +189.2% | -90.0% |
| 2026 | -9.3% | -54.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTEV and LNZA good diversifiers for each other?
Reasonably. At 0.35, CTEV and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CTEV and LNZA?
As of 2026-08-27, the correlation of weekly returns between CTEV and LNZA is 0.35 over 3 years, 0.07 over 1 year and 0.32 over 5 years.
Is LNZA a good diversifier for CTEV?
Reasonably. At 0.35, CTEV and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
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Related comparisons
Hubs: CTEV correlations · LNZA correlations
