CWST vs. CLH
CWST (Casella Waste Systems, Inc.) and CLH (Clean Harbors, Inc.) are both stocks. Both operate in the Waste Management industry within the Industrials sector. Over the past 10 years, CWST returned 27.23%/yr vs 18.91%/yr for CLH. At a 0.24 correlation, their price movements are largely independent.
Performance
CWST vs. CLH - Performance Comparison
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Returns By Period
In the year-to-date period, CWST achieves a -13.64% return, which is significantly lower than CLH's 23.40% return. Over the past 10 years, CWST has outperformed CLH with an annualized return of 27.23%, while CLH has yielded a comparatively lower 18.91% annualized return.
CWST
- 1D
- -2.76%
- 1M
- -3.24%
- YTD
- -13.64%
- 6M
- -15.12%
- 1Y
- -27.08%
- 3Y*
- -0.41%
- 5Y*
- 5.71%
- 10Y*
- 27.23%
CLH
- 1D
- 0.26%
- 1M
- 0.85%
- YTD
- 23.40%
- 6M
- 21.07%
- 1Y
- 28.02%
- 3Y*
- 23.02%
- 5Y*
- 26.58%
- 10Y*
- 18.91%
CWST vs. CLH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWST Casella Waste Systems, Inc. | -13.64% | -7.44% | 23.81% | 7.75% | -7.15% | 37.89% | 34.59% | 61.57% | 23.76% | 85.50% |
CLH Clean Harbors, Inc. | 23.40% | 1.89% | 31.88% | 52.92% | 14.38% | 31.10% | -11.25% | 73.76% | -8.95% | -2.61% |
Correlation
The correlation between CWST and CLH is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1997 | 0.24 |
The correlation between CWST and CLH shifts across timeframes, from 0.24 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CWST:
$5.37B
CLH:
$15.33B
CWST:
$0.11
CLH:
$7.40
CWST:
752.15
CLH:
39.12
CWST:
2.86
CLH:
2.55
CWST:
3.43
CLH:
5.52
CWST:
$1.88B
CLH:
$6.06B
CWST:
$248.24M
CLH:
$1.81B
CWST:
$405.88M
CLH:
$1.07B
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Return for Risk
CWST vs. CLH — Risk / Return Rank
CWST
CLH
CWST vs. CLH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Casella Waste Systems, Inc. (CWST) and Clean Harbors, Inc. (CLH). 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.
| CWST | CLH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.21 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 1.45 | -2.19 |
| Martin ratioReturn relative to average drawdown | -1.26 | 4.39 | -5.65 |
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Drawdowns
CWST vs. CLH - Drawdown Comparison
The maximum CWST drawdown since its inception was -98.52%, which is greater than CLH's maximum drawdown of -93.48%. Use the drawdown chart below to compare losses from any high point for CWST and CLH.
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Drawdown Indicators
| CWST | CLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.52% | -93.48% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -36.37% | -19.45% | -16.92% |
Max Drawdown (3Y)Largest decline over 3 years | -37.72% | -30.86% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -37.72% | -30.86% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -37.72% | -64.51% | +26.79% |
Current DrawdownCurrent decline from peak | -29.73% | -7.76% | -21.97% |
Average DrawdownAverage peak-to-trough decline | -53.00% | -32.88% | -20.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.50% | 6.39% | +15.11% |
Volatility
CWST vs. CLH - Volatility Comparison
Casella Waste Systems, Inc. (CWST) has a higher volatility of 9.46% compared to Clean Harbors, Inc. (CLH) at 7.75%. This indicates that CWST's price experiences larger fluctuations and is considered to be riskier than CLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWST | CLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 7.75% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 27.46% | 19.07% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.79% | 27.29% | +6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.29% | 28.61% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.90% | 34.77% | -3.87% |
Dividends
CWST vs. CLH - Dividend Comparison
Neither CWST nor CLH has paid dividends to shareholders.
Financials
CWST vs. CLH - Financials Comparison
This section allows you to compare key financial metrics between Casella Waste Systems, Inc. and Clean Harbors, 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
CWST vs. CLH - Profitability Comparison
CWST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Casella Waste Systems, Inc. reported a gross profit of 0.00 and revenue of 457.33M. Therefore, the gross margin over that period was 0.0%.
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%.
CWST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Casella Waste Systems, Inc. reported an operating income of 4.86M and revenue of 457.33M, resulting in an operating margin of 1.1%.
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%.
CWST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Casella Waste Systems, Inc. reported a net income of -5.54M and revenue of 457.33M, resulting in a net margin of -1.2%.
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%.
Frequently Asked Questions
CWST and CLH have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWST has higher volatility (9.46%) compared to CLH (7.75%). In terms of maximum drawdown, CWST dropped -98.52% vs CLH's -93.48%.
CLH currently has the higher Sharpe Ratio (1.03 vs -0.81), 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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