CLOV vs. OWLT
CLOV (Clover Health Investments, Corp.) and OWLT (Owlet, Inc.) are both stocks. Both are in the Healthcare sector — CLOV in Healthcare Plans, OWLT in Medical Devices. Over the past 5 years, CLOV returned -16.04%/yr vs -48.10%/yr for OWLT. At a 0.19 correlation, their price movements are largely independent.
Performance
CLOV vs. OWLT - Performance Comparison
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Returns By Period
In the year-to-date period, CLOV achieves a 58.72% return, which is significantly higher than OWLT's -67.57% return.
CLOV
- 1D
- -4.85%
- 1M
- 37.64%
- YTD
- 58.72%
- 6M
- 49.80%
- 1Y
- 17.67%
- 3Y*
- 61.60%
- 5Y*
- -16.04%
- 10Y*
- —
OWLT
- 1D
- -4.37%
- 1M
- 8.47%
- YTD
- -67.57%
- 6M
- -59.37%
- 1Y
- -13.93%
- 3Y*
- 19.45%
- 5Y*
- -48.10%
- 10Y*
- —
CLOV vs. OWLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CLOV Clover Health Investments, Corp. | 58.72% | -25.40% | 230.85% | 2.43% | -75.01% | -77.82% | 66.37% |
OWLT Owlet, Inc. | -67.57% | 263.82% | -15.72% | -32.54% | -79.06% | -73.75% | 4.85% |
Correlation
The correlation between CLOV and OWLT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020 | 0.19 |
Fundamentals
CLOV:
$1.95B
OWLT:
$19.07B
CLOV:
-$0.11
OWLT:
-$0.04
CLOV:
0.87
OWLT:
51.83
CLOV:
5.74
OWLT:
1.29K
CLOV:
$2.21B
OWLT:
$107.06M
CLOV:
$939.14M
OWLT:
$54.38M
CLOV:
-$55.21M
OWLT:
-$17.58M
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Return for Risk
CLOV vs. OWLT — Risk / Return Rank
CLOV
OWLT
CLOV vs. OWLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clover Health Investments, Corp. (CLOV) and Owlet, Inc. (OWLT). 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.
| CLOV | OWLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | -0.16 | +0.42 |
Sortino ratioReturn per unit of downside risk | 0.88 | 0.39 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.05 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.34 | -0.04 | +0.38 |
Martin ratioReturn relative to average drawdown | 0.62 | -0.08 | +0.70 |
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
| CLOV | OWLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | -0.16 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | -0.53 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | -0.52 | +0.34 |
Drawdowns
CLOV vs. OWLT - Drawdown Comparison
The maximum CLOV drawdown since its inception was -97.19%, roughly equal to the maximum OWLT drawdown of -98.14%. Use the drawdown chart below to compare losses from any high point for CLOV and OWLT.
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Drawdown Indicators
| CLOV | OWLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.19% | -98.14% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -55.50% | -72.58% | +17.08% |
Max Drawdown (3Y)Largest decline over 3 years | -64.73% | -72.58% | +7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -97.19% | -98.06% | +0.87% |
Current DrawdownCurrent decline from peak | -83.16% | -96.52% | +13.36% |
Average DrawdownAverage peak-to-trough decline | -76.62% | -77.91% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.54% | 35.97% | -5.43% |
Volatility
CLOV vs. OWLT - Volatility Comparison
The current volatility for Clover Health Investments, Corp. (CLOV) is 22.50%, while Owlet, Inc. (OWLT) has a volatility of 25.97%. This indicates that CLOV experiences smaller price fluctuations and is considered to be less risky than OWLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOV | OWLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.50% | 25.97% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 39.35% | 71.40% | -32.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.61% | 87.24% | -18.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.12% | 90.41% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.66% | 85.82% | -0.16% |
Dividends
CLOV vs. OWLT - Dividend Comparison
Neither CLOV nor OWLT has paid dividends to shareholders.
Financials
CLOV vs. OWLT - Financials Comparison
This section allows you to compare key financial metrics between Clover Health Investments, Corp. and Owlet, Inc.. 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
CLOV vs. OWLT - Profitability Comparison
CLOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported a gross profit of 692.13M and revenue of 749.19M. Therefore, the gross margin over that period was 92.4%.
OWLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Owlet, Inc. reported a gross profit of 12.20M and revenue of 22.50M. Therefore, the gross margin over that period was 54.2%.
CLOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported an operating income of 27.33M and revenue of 749.19M, resulting in an operating margin of 3.7%.
OWLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Owlet, Inc. reported an operating income of -5.60M and revenue of 22.50M, resulting in an operating margin of -24.9%.
CLOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported a net income of 27.33M and revenue of 749.19M, resulting in a net margin of 3.7%.
OWLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Owlet, Inc. reported a net income of -4.10M and revenue of 22.50M, resulting in a net margin of -18.2%.
Frequently Asked Questions
CLOV and OWLT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OWLT has higher volatility (25.97%) compared to CLOV (22.50%). In terms of maximum drawdown, CLOV dropped -97.19% vs OWLT's -98.14%.
CLOV currently has the higher Sharpe Ratio (0.26 vs -0.16), 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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