CWH vs CXT: Correlation
How closely do Camping World Holdings, Inc. (CWH) and Crane NXT, Co. (CXT) 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 CWH and CXT?
Across a 3-year window, the weekly returns of CWH and CXT correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 1145.2 %².
By 3-year correlation, CXT places #10 of the 28 assets tracked against CWH. The last year tells two different stories: CXT led by 45.6 percentage points, -63.0% for CWH against -17.4% for CXT. One caveat on sizing: CWH is 1.7 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.
CWH vs CXT: side by side
| CWH (Camping World Holdings, Inc.) | CXT (Crane NXT, Co.) | |
|---|---|---|
| 1-year return | -63.0% | -17.4% |
| 5-year return | -79.9% | +48.9% |
| Volatility (ann.) | 60.7% | 35.7% |
| Beta vs S&P 500 | 2.02 | 0.98 |
| Max drawdown (3Y) | -79.1% | -47.0% |
| Market cap | $0.4B | $2.9B |
| P/E (trailing) | – | 20.5 |
| Dividend yield | 3.84% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWH | CXT |
|---|---|---|
| 2022 | -39.6% | +0.6% |
| 2023 | +25.1% | +64.9% |
| 2024 | -17.9% | +3.5% |
| 2025 | -52.2% | -18.2% |
| 2026 | -33.9% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWH and CXT good diversifiers for each other?
Only partially. A correlation of 0.53 means CWH and CXT 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 CWH and CXT?
As of 2026-08-27, the correlation of weekly returns between CWH and CXT is 0.53 over 3 years, 0.57 over 1 year and 0.50 over 5 years.
Is CXT a good diversifier for CWH?
Only partially. A correlation of 0.53 means CWH and CXT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cwh-vs-cxt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cwh-vs-cxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWH correlations · CXT correlations
