CLFD vs. OCC
CLFD (Clearfield, Inc.) and OCC (Optical Cable Corporation) are both stocks. Both operate in the Communication Equipment industry within the Technology sector. Over the past 10 years, CLFD returned 8.46%/yr vs 26.09%/yr for OCC. At a 0.09 correlation, their price movements are largely independent.
Performance
CLFD vs. OCC - Performance Comparison
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Returns By Period
In the year-to-date period, CLFD achieves a 37.26% return, which is significantly lower than OCC's 399.78% return. Over the past 10 years, CLFD has underperformed OCC with an annualized return of 8.46%, while OCC has yielded a comparatively higher 26.09% annualized return.
CLFD
- 1D
- -1.09%
- 1M
- -8.51%
- YTD
- 37.26%
- 6M
- 37.97%
- 1Y
- 0.00%
- 3Y*
- -4.44%
- 5Y*
- 2.21%
- 10Y*
- 8.46%
OCC
- 1D
- -0.71%
- 1M
- 76.16%
- YTD
- 399.78%
- 6M
- 379.31%
- 1Y
- 723.70%
- 3Y*
- 74.99%
- 5Y*
- 43.94%
- 10Y*
- 26.09%
CLFD vs. OCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLFD Clearfield, Inc. | 37.26% | -5.97% | 6.60% | -69.11% | 11.51% | 241.50% | 77.33% | 40.52% | -19.02% | -40.82% |
OCC Optical Cable Corporation | 399.78% | 23.27% | 33.70% | -38.91% | -17.69% | 100.30% | -17.51% | -14.70% | 58.09% | -20.04% |
Correlation
The correlation between CLFD and OCC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 1996 | 0.09 |
Over the past year, CLFD and OCC have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
Fundamentals
CLFD:
-$0.62
OCC:
$0.15
CLFD:
4.06
OCC:
1.85
CLFD:
$136.22M
OCC:
$78.39M
CLFD:
$50.71M
OCC:
$25.60M
CLFD:
$11.00M
OCC:
$2.53M
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Return for Risk
CLFD vs. OCC — Risk / Return Rank
CLFD
OCC
CLFD vs. OCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearfield, Inc. (CLFD) and Optical Cable Corporation (OCC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLFD | OCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.50 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 11.96 | -11.96 |
| Martin ratioReturn relative to average drawdown | 0.00 | 25.21 | -25.21 |
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Drawdowns
CLFD vs. OCC - Drawdown Comparison
The maximum CLFD drawdown since its inception was -98.62%, roughly equal to the maximum OCC drawdown of -99.43%. Use the drawdown chart below to compare losses from any high point for CLFD and OCC.
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Drawdown Indicators
| CLFD | OCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.62% | -99.43% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -42.66% | -61.09% | +18.43% |
Max Drawdown (3Y)Largest decline over 3 years | -53.17% | -61.09% | +7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -82.52% | -68.48% | -14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -82.52% | -68.48% | -14.04% |
Current DrawdownCurrent decline from peak | -69.60% | -42.16% | -27.44% |
Average DrawdownAverage peak-to-trough decline | -63.01% | -83.83% | +20.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.69% | 28.92% | -1.23% |
Volatility
CLFD vs. OCC - Volatility Comparison
The current volatility for Clearfield, Inc. (CLFD) is 22.49%, while Optical Cable Corporation (OCC) has a volatility of 61.04%. This indicates that CLFD experiences smaller price fluctuations and is considered to be less risky than OCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLFD | OCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.49% | 61.04% | -38.55% |
Volatility (6M)Calculated over the trailing 6-month period | 43.94% | 105.76% | -61.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.18% | 142.75% | -83.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.96% | 88.44% | -31.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.44% | 76.64% | -24.20% |
Dividends
CLFD vs. OCC - Dividend Comparison
Neither CLFD nor OCC has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLFD Clearfield, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OCC Optical Cable Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.83% |
Financials
CLFD vs. OCC - Financials Comparison
This section allows you to compare key financial metrics between Clearfield, Inc. and Optical Cable Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CLFD vs. OCC - Profitability Comparison
CLFD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clearfield, Inc. reported a gross profit of 11.16M and revenue of 34.39M. Therefore, the gross margin over that period was 32.5%.
OCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Optical Cable Corporation reported a gross profit of 7.59M and revenue of 22.21M. Therefore, the gross margin over that period was 34.2%.
CLFD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clearfield, Inc. reported an operating income of -2.07M and revenue of 34.39M, resulting in an operating margin of -6.0%.
OCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Optical Cable Corporation reported an operating income of 1.30M and revenue of 22.21M, resulting in an operating margin of 5.9%.
CLFD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clearfield, Inc. reported a net income of -528.00K and revenue of 34.39M, resulting in a net margin of -1.5%.
OCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Optical Cable Corporation reported a net income of 1.05M and revenue of 22.21M, resulting in a net margin of 4.8%.
Frequently Asked Questions
CLFD and OCC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCC has higher volatility (61.04%) compared to CLFD (22.49%). In terms of maximum drawdown, CLFD dropped -98.62% vs OCC's -99.43%.
OCC currently has the higher Sharpe Ratio (5.13 vs 0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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