HZO vs. CLH
HZO (MarineMax, Inc.) and CLH (Clean Harbors, Inc.) are both stocks. HZO operates in Specialty Retail (Consumer Cyclical), while CLH operates in Waste Management (Industrials). Over the past 10 years, HZO returned 7.60%/yr vs 18.43%/yr for CLH. At a 0.25 correlation, their price movements are largely independent.
Performance
HZO vs. CLH - Performance Comparison
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Returns By Period
In the year-to-date period, HZO achieves a 43.09% return, which is significantly higher than CLH's 22.24% return. Over the past 10 years, HZO has underperformed CLH with an annualized return of 7.60%, while CLH has yielded a comparatively higher 18.43% annualized return.
HZO
- 1D
- -0.23%
- 1M
- 25.34%
- YTD
- 43.09%
- 6M
- 46.53%
- 1Y
- 59.04%
- 3Y*
- 3.79%
- 5Y*
- -6.05%
- 10Y*
- 7.60%
CLH
- 1D
- 3.86%
- 1M
- -7.67%
- YTD
- 22.24%
- 6M
- 20.94%
- 1Y
- 26.51%
- 3Y*
- 23.84%
- 5Y*
- 25.00%
- 10Y*
- 18.43%
HZO vs. CLH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HZO MarineMax, Inc. | 43.09% | -16.30% | -25.58% | 24.60% | -47.12% | 68.54% | 109.89% | -8.85% | -3.12% | -2.33% |
CLH Clean Harbors, Inc. | 22.24% | 1.89% | 31.88% | 52.92% | 14.38% | 31.10% | -11.25% | 73.76% | -8.95% | -2.61% |
Correlation
The correlation between HZO and CLH is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 1998 | 0.25 |
The correlation between HZO and CLH shifts across timeframes, from 0.25 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
HZO:
$762.21M
CLH:
$15.19B
HZO:
-$2.92
CLH:
$7.40
HZO:
0.34
CLH:
2.53
HZO:
0.82
CLH:
5.47
HZO:
$2.24B
CLH:
$6.06B
HZO:
$732.82M
CLH:
$1.81B
HZO:
$82.70M
CLH:
$1.07B
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Return for Risk
HZO vs. CLH — Risk / Return Rank
HZO
CLH
HZO vs. CLH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarineMax, Inc. (HZO) 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.
| HZO | CLH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.37 | +1.12 |
| Martin ratioReturn relative to average drawdown | 5.81 | 4.35 | +1.46 |
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
| HZO | CLH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.99 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.88 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.53 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.29 | -0.23 |
Drawdowns
HZO vs. CLH - Drawdown Comparison
The maximum HZO drawdown since its inception was -96.75%, roughly equal to the maximum CLH drawdown of -93.48%. Use the drawdown chart below to compare losses from any high point for HZO and CLH.
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Drawdown Indicators
| HZO | CLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.75% | -93.48% | -3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -23.85% | -19.45% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -56.62% | -30.86% | -25.76% |
Max Drawdown (5Y)Largest decline over 5 years | -70.10% | -30.86% | -39.24% |
Max Drawdown (10Y)Largest decline over 10 years | -73.44% | -64.51% | -8.93% |
Current DrawdownCurrent decline from peak | -47.85% | -8.63% | -39.22% |
Average DrawdownAverage peak-to-trough decline | -46.33% | -32.91% | -13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 6.11% | +4.07% |
Volatility
HZO vs. CLH - Volatility Comparison
MarineMax, Inc. (HZO) has a higher volatility of 14.16% compared to Clean Harbors, Inc. (CLH) at 12.10%. This indicates that HZO'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
| HZO | CLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 12.10% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 36.22% | 19.10% | +17.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.87% | 26.83% | +29.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.60% | 28.63% | +23.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.14% | 34.74% | +20.40% |
Dividends
HZO vs. CLH - Dividend Comparison
Neither HZO nor CLH has paid dividends to shareholders.
Financials
HZO vs. CLH - Financials Comparison
This section allows you to compare key financial metrics between MarineMax, 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
HZO vs. CLH - Profitability Comparison
HZO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MarineMax, Inc. reported a gross profit of 181.29M and revenue of 527.41M. Therefore, the gross margin over that period was 34.4%.
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%.
HZO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MarineMax, Inc. reported an operating income of 10.84M and revenue of 527.41M, resulting in an operating margin of 2.1%.
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%.
HZO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MarineMax, Inc. reported a net income of -2.60M and revenue of 527.41M, resulting in a net margin of -0.5%.
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
HZO and CLH have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HZO has higher volatility (14.16%) compared to CLH (12.10%). In terms of maximum drawdown, HZO dropped -96.75% vs CLH's -93.48%.
HZO currently has the higher Sharpe Ratio (1.07 vs 0.99), 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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