MIDD vs. CLH
MIDD (The Middleby Corporation) and CLH (Clean Harbors, Inc.) are both stocks. Both are in the Industrials sector — MIDD in Specialty Industrial Machinery, CLH in Waste Management. Over the past 10 years, MIDD returned 2.38%/yr vs 18.14%/yr for CLH. At a 0.22 correlation, their price movements are largely independent.
Performance
MIDD vs. CLH - Performance Comparison
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Returns By Period
In the year-to-date period, MIDD achieves a 5.97% return, which is significantly lower than CLH's 18.71% return. Over the past 10 years, MIDD has underperformed CLH with an annualized return of 2.38%, while CLH has yielded a comparatively higher 18.14% annualized return.
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
- 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 vs. CLH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIDD The Middleby Corporation | 5.97% | 9.76% | -7.96% | 9.91% | -31.95% | 52.62% | 17.71% | 6.61% | -23.88% | 4.77% |
CLH Clean Harbors, Inc. | 18.71% | 1.89% | 31.88% | 52.92% | 14.38% | 31.10% | -11.25% | 73.76% | -8.95% | -2.61% |
Correlation
The correlation between MIDD and CLH 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 MIDD and CLH shifts across timeframes, from 0.22 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MIDD:
$7.44B
CLH:
$14.75B
MIDD:
-$8.36
CLH:
$7.40
MIDD:
2.16
CLH:
2.46
MIDD:
3.13
CLH:
5.31
MIDD:
$3.67B
CLH:
$6.06B
MIDD:
$1.39B
CLH:
$1.81B
MIDD:
-$2.33M
CLH:
$1.07B
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Return for Risk
MIDD vs. CLH — Risk / Return Rank
MIDD
CLH
MIDD vs. CLH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Middleby Corporation (MIDD) 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.
| MIDD | CLH | 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 | 1.07 | 1.19 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.20 | -0.92 |
| Martin ratioReturn relative to average drawdown | 0.59 | 3.75 | -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
| MIDD | CLH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.87 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.84 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.52 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.29 | +0.14 |
Drawdowns
MIDD vs. CLH - Drawdown Comparison
The maximum MIDD drawdown since its inception was -77.27%, smaller than the maximum CLH drawdown of -93.48%. Use the drawdown chart below to compare losses from any high point for MIDD and CLH.
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Drawdown Indicators
| MIDD | CLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.27% | -93.48% | +16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -25.63% | -19.45% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -35.40% | -30.86% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -44.38% | -30.86% | -13.52% |
Max Drawdown (10Y)Largest decline over 10 years | -69.20% | -64.51% | -4.69% |
Current DrawdownCurrent decline from peak | -21.09% | -11.27% | -9.82% |
Average DrawdownAverage peak-to-trough decline | -24.00% | -32.90% | +8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.86% | 6.20% | +5.66% |
Volatility
MIDD vs. CLH - Volatility Comparison
The Middleby Corporation (MIDD) has a higher volatility of 9.82% compared to Clean Harbors, Inc. (CLH) at 8.50%. This indicates that MIDD'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
| MIDD | CLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 8.50% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 25.68% | 18.65% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.60% | 26.95% | +11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.69% | 28.61% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.77% | 34.75% | +2.02% |
Dividends
MIDD vs. CLH - Dividend Comparison
Neither MIDD nor CLH has paid dividends to shareholders.
Financials
MIDD vs. CLH - Financials Comparison
This section allows you to compare key financial metrics between The Middleby Corporation 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
MIDD vs. CLH - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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
MIDD and CLH 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, MIDD dropped -77.27% vs CLH's -93.48%.
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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