AEVA vs HFFG: Correlation
How closely do Aeva Technologies, Inc. (AEVA) and HF Foods Group Inc. (HFFG) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEVA and HFFG?
Across a 3-year window, the weekly returns of AEVA and HFFG correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.34, with an annualized covariance of 3348.1 %².
Within AEVA's tracked universe of 14 assets, HFFG comes in at #6 by 3-year correlation. The last year tells two different stories: AEVA led by 52.3 percentage points, +3.9% for AEVA against -48.4% for HFFG. Risk is not evenly split, since AEVA carries 1.9 times the volatility of the other side.
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.
AEVA vs HFFG: side by side
| AEVA (Aeva Technologies, Inc.) | HFFG (HF Foods Group Inc.) | |
|---|---|---|
| 1-year return | +3.9% | -48.4% |
| 5-year return | -66.2% | -69.2% |
| Volatility (ann.) | 127.6% | 67.7% |
| Beta vs S&P 500 | 2.96 | 0.86 |
| Max drawdown (3Y) | -75.7% | -75.7% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEVA | HFFG |
|---|---|---|
| 2022 | -82.0% | -52.0% |
| 2023 | -44.3% | +31.5% |
| 2024 | +25.3% | -39.9% |
| 2025 | +179.6% | -33.0% |
| 2026 | +23.4% | -16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEVA and HFFG good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEVA and HFFG?
As of 2026-08-27, the correlation of weekly returns between AEVA and HFFG is 0.39 over 3 years, 0.29 over 1 year and 0.34 over 5 years.
Is HFFG a good diversifier for AEVA?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeva-vs-hffg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeva-vs-hffg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEVA correlations · HFFG correlations
