CWH vs ITRI: Correlation
Measured on weekly returns over the past three years, Camping World Holdings, Inc. (CWH) and Itron, Inc. (ITRI) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWH and ITRI?
Across a 3-year window, the weekly returns of CWH and ITRI correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 1241.1 %².
Within CWH's tracked universe of 28 assets, ITRI comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ITRI ahead by 43.1 points (-63.0% versus -19.9%). One caveat on sizing: CWH is 1.6 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 ITRI: side by side
| CWH (Camping World Holdings, Inc.) | ITRI (Itron, Inc.) | |
|---|---|---|
| 1-year return | -63.0% | -19.9% |
| 5-year return | -79.9% | +17.0% |
| Volatility (ann.) | 60.7% | 38.9% |
| Beta vs S&P 500 | 2.02 | 1.14 |
| Max drawdown (3Y) | -79.1% | -43.6% |
| Market cap | $0.4B | $4.3B |
| P/E (trailing) | – | 16.5 |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWH | ITRI |
|---|---|---|
| 2022 | -39.6% | -26.1% |
| 2023 | +25.1% | +49.1% |
| 2024 | -17.9% | +43.8% |
| 2025 | -52.2% | -14.5% |
| 2026 | -33.9% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWH and ITRI good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CWH and ITRI?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.54 over the last year and 0.49 over 5 years.
Is ITRI a good diversifier for CWH?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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/cwh-vs-itri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwh-vs-itri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CWH correlations · ITRI correlations
