OII vs. CLH
OII (Oceaneering International, Inc.) and CLH (Clean Harbors, Inc.) are both stocks. OII operates in Oil & Gas Equipment & Services (Energy), while CLH operates in Waste Management (Industrials). Over the past 10 years, OII returned 2.12%/yr vs 18.91%/yr for CLH. At a 0.20 correlation, their price movements are largely independent.
Performance
OII vs. CLH - Performance Comparison
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Returns By Period
In the year-to-date period, OII achieves a 50.60% return, which is significantly higher than CLH's 23.40% return. Over the past 10 years, OII has underperformed CLH with an annualized return of 2.12%, while CLH has yielded a comparatively higher 18.91% annualized return.
OII
- 1D
- 0.36%
- 1M
- -6.65%
- YTD
- 50.60%
- 6M
- 45.69%
- 1Y
- 69.59%
- 3Y*
- 28.31%
- 5Y*
- 16.53%
- 10Y*
- 2.12%
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%
OII vs. CLH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OII Oceaneering International, Inc. | 50.60% | -7.86% | 22.56% | 21.67% | 54.64% | 42.26% | -46.68% | 23.22% | -42.76% | -23.73% |
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 OII and CLH is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.20 |
The correlation between OII and CLH shifts across timeframes, from 0.20 (all time) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
OII:
$3.64B
CLH:
$15.33B
OII:
$3.36
CLH:
$7.40
OII:
10.76
CLH:
39.12
OII:
0.11
CLH:
1.56
OII:
1.30
CLH:
2.55
OII:
3.27
CLH:
5.52
OII:
$2.80B
CLH:
$6.06B
OII:
$560.70M
CLH:
$1.81B
OII:
$380.02M
CLH:
$1.07B
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Return for Risk
OII vs. CLH — Risk / Return Rank
OII
CLH
OII vs. CLH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oceaneering International, Inc. (OII) 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.
| OII | CLH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 1.45 | +3.13 |
| Martin ratioReturn relative to average drawdown | 11.00 | 4.39 | +6.60 |
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Drawdowns
OII vs. CLH - Drawdown Comparison
The maximum OII drawdown since its inception was -97.37%, roughly equal to the maximum CLH drawdown of -93.48%. Use the drawdown chart below to compare losses from any high point for OII and CLH.
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Drawdown Indicators
| OII | CLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.37% | -93.48% | -3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -19.45% | +4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -47.84% | -30.86% | -16.98% |
Max Drawdown (5Y)Largest decline over 5 years | -58.64% | -30.86% | -27.78% |
Max Drawdown (10Y)Largest decline over 10 years | -93.29% | -64.51% | -28.78% |
Current DrawdownCurrent decline from peak | -54.20% | -7.76% | -46.44% |
Average DrawdownAverage peak-to-trough decline | -38.54% | -32.88% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 6.39% | -0.03% |
Volatility
OII vs. CLH - Volatility Comparison
Oceaneering International, Inc. (OII) has a higher volatility of 13.14% compared to Clean Harbors, Inc. (CLH) at 7.75%. This indicates that OII'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
| OII | CLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.14% | 7.75% | +5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 33.40% | 19.07% | +14.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.67% | 27.29% | +15.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.27% | 28.61% | +22.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.88% | 34.77% | +28.11% |
Dividends
OII vs. CLH - Dividend Comparison
Neither OII nor CLH has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLH Clean Harbors, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OII Oceaneering International, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.13% | 3.40% | 2.88% |
Financials
OII vs. CLH - Financials Comparison
This section allows you to compare key financial metrics between Oceaneering International, 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
OII vs. CLH - Profitability Comparison
OII - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oceaneering International, Inc. reported a gross profit of 127.27M and revenue of 692.43M. Therefore, the gross margin over that period was 18.4%.
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%.
OII - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oceaneering International, Inc. reported an operating income of 57.79M and revenue of 692.43M, resulting in an operating margin of 8.4%.
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%.
OII - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oceaneering International, Inc. reported a net income of 36.11M and revenue of 692.43M, resulting in a net margin of 5.2%.
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
OII and CLH have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OII has higher volatility (13.14%) compared to CLH (7.75%). In terms of maximum drawdown, OII dropped -97.37% vs CLH's -93.48%.
OII currently has the higher Sharpe Ratio (1.64 vs 1.03), 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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