CLH vs. MIDD
CLH (Clean Harbors, Inc.) and MIDD (The Middleby Corporation) are both stocks. Both are in the Industrials sector — CLH in Waste Management, MIDD in Specialty Industrial Machinery. Over the past 10 years, CLH returned 18.14%/yr vs 2.38%/yr for MIDD. At a 0.22 correlation, their price movements are largely independent.
Performance
CLH vs. MIDD - Performance Comparison
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Returns By Period
In the year-to-date period, CLH achieves a 18.71% return, which is significantly higher than MIDD's 5.97% return. Over the past 10 years, CLH has outperformed MIDD with an annualized return of 18.14%, while MIDD has yielded a comparatively lower 2.38% annualized return.
CLH
- 1D
- -1.65%
- 1M
- -4.39%
- YTD
- 18.71%
- 6M
- 16.47%
- 1Y
- 23.18%
- 3Y*
- 21.19%
- 5Y*
- 24.01%
- 10Y*
- 18.14%
MIDD
- 1D
- 1.68%
- 1M
- -4.33%
- YTD
- 5.97%
- 6M
- 22.90%
- 1Y
- 7.01%
- 3Y*
- 3.76%
- 5Y*
- -1.44%
- 10Y*
- 2.38%
CLH vs. MIDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLH Clean Harbors, Inc. | 18.71% | 1.89% | 31.88% | 52.92% | 14.38% | 31.10% | -11.25% | 73.76% | -8.95% | -2.61% |
MIDD The Middleby Corporation | 5.97% | 9.76% | -7.96% | 9.91% | -31.95% | 52.62% | 17.71% | 6.61% | -23.88% | 4.77% |
Correlation
The correlation between CLH and MIDD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 1992 | 0.22 |
The correlation between CLH and MIDD shifts across timeframes, from 0.22 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CLH:
$14.75B
MIDD:
$7.44B
CLH:
$7.40
MIDD:
-$8.36
CLH:
2.46
MIDD:
2.16
CLH:
5.31
MIDD:
3.13
CLH:
$6.06B
MIDD:
$3.67B
CLH:
$1.81B
MIDD:
$1.39B
CLH:
$1.07B
MIDD:
-$2.33M
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Return for Risk
CLH vs. MIDD — Risk / Return Rank
CLH
MIDD
CLH vs. MIDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clean Harbors, Inc. (CLH) and The Middleby Corporation (MIDD). 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.
| CLH | MIDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.07 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.27 | +0.92 |
| Martin ratioReturn relative to average drawdown | 3.75 | 0.59 | +3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLH | MIDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.18 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | -0.04 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.06 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.43 | -0.14 |
Drawdowns
CLH vs. MIDD - Drawdown Comparison
The maximum CLH drawdown since its inception was -93.48%, which is greater than MIDD's maximum drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for CLH and MIDD.
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Drawdown Indicators
| CLH | MIDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.48% | -77.27% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -19.45% | -25.63% | +6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -30.86% | -35.40% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -30.86% | -44.38% | +13.52% |
Max Drawdown (10Y)Largest decline over 10 years | -64.51% | -69.20% | +4.69% |
Current DrawdownCurrent decline from peak | -11.27% | -21.09% | +9.82% |
Average DrawdownAverage peak-to-trough decline | -32.90% | -24.00% | -8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 11.86% | -5.66% |
Volatility
CLH vs. MIDD - Volatility Comparison
The current volatility for Clean Harbors, Inc. (CLH) is 8.50%, while The Middleby Corporation (MIDD) has a volatility of 9.82%. This indicates that CLH experiences smaller price fluctuations and is considered to be less risky than MIDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLH | MIDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | 9.82% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 18.65% | 25.68% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.95% | 38.60% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.61% | 33.69% | -5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.75% | 36.77% | -2.02% |
Dividends
CLH vs. MIDD - Dividend Comparison
Neither CLH nor MIDD has paid dividends to shareholders.
Financials
CLH vs. MIDD - Financials Comparison
This section allows you to compare key financial metrics between Clean Harbors, Inc. and The Middleby 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
CLH vs. MIDD - Profitability Comparison
CLH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clean Harbors, Inc. reported a gross profit of 445.42M and revenue of 1.46B. Therefore, the gross margin over that period was 30.5%.
MIDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Middleby Corporation reported a gross profit of 323.19M and revenue of 839.91M. Therefore, the gross margin over that period was 38.5%.
CLH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clean Harbors, Inc. reported an operating income of 118.94M and revenue of 1.46B, resulting in an operating margin of 8.2%.
MIDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Middleby Corporation reported an operating income of 134.89M and revenue of 839.91M, resulting in an operating margin of 16.1%.
CLH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clean Harbors, Inc. reported a net income of 63.20M and revenue of 1.46B, resulting in a net margin of 4.3%.
MIDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Middleby Corporation reported a net income of -50.07M and revenue of 839.91M, resulting in a net margin of -6.0%.
Frequently Asked Questions
CLH and MIDD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIDD has higher volatility (9.82%) compared to CLH (8.50%). In terms of maximum drawdown, CLH dropped -93.48% vs MIDD's -77.27%.
CLH currently has the higher Sharpe Ratio (0.87 vs 0.18), 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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