ACA vs HLIO: Correlation
How closely do Arcosa, Inc. (ACA) and Helios Technologies, Inc. (HLIO) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACA and HLIO?
On 3 years of weekly data the ACA/HLIO correlation comes out at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.37 versus 0.55 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 753.4 %².
Among the 23 assets we track against ACA, HLIO ranks #8 by 3-year correlation. The trailing year gives ACA the advantage: +47.0% versus +37.8%, a 9.2-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACA vs HLIO: side by side
| ACA (Arcosa, Inc.) | HLIO (Helios Technologies, Inc.) | |
|---|---|---|
| 1-year return | +47.0% | +37.8% |
| 5-year return | +186.5% | -5.7% |
| Volatility (ann.) | 31.9% | 42.8% |
| Beta vs S&P 500 | 1.23 | 1.18 |
| Max drawdown (3Y) | -36.6% | -55.9% |
| Market cap | $7.1B | $2.5B |
| P/E (trailing) | 32.5 | 34.9 |
| Dividend yield | 0.14% | 0.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACA | HLIO |
|---|---|---|
| 2022 | +3.5% | -48.0% |
| 2023 | +52.5% | -16.2% |
| 2024 | +17.3% | -0.8% |
| 2025 | +10.2% | +21.0% |
| 2026 | +37.0% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACA and HLIO good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACA and HLIO?
As of 2026-08-27, the correlation of weekly returns between ACA and HLIO is 0.55 over 3 years, 0.37 over 1 year and 0.48 over 5 years.
Is HLIO a good diversifier for ACA?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ACA correlations · HLIO correlations
