BHM vs HIHO: Correlation
Measured on weekly returns over the past three years, Bluerock Homes Trust, Inc. (BHM) and Highway Holdings Limited (HIHO) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and HIHO?
On 3 years of weekly data the BHM/HIHO correlation comes out at 0.30, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.40 versus 0.30 over 3 years. The 5-year figure is 0.23, and annualized covariance runs at 863.0 %².
In BHM's tracked universe of 18 assets, HIHO sits right near the top at #2. Over the last 12 months BHM came out ahead by 12.2 percentage points (-34.5% against -46.7%). Risk is not evenly split, since HIHO carries 1.7 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.
BHM vs HIHO: side by side
| BHM (Bluerock Homes Trust, Inc.) | HIHO (Highway Holdings Limited) | |
|---|---|---|
| 1-year return | -34.5% | -46.7% |
| 5-year return | n/a | -69.9% |
| Volatility (ann.) | 41.3% | 70.6% |
| Beta vs S&P 500 | 0.13 | 0.55 |
| Max drawdown (3Y) | -54.9% | -70.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 5.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHM | HIHO |
|---|---|---|
| 2022 | – | -43.3% |
| 2023 | -29.7% | +0.9% |
| 2024 | -5.1% | +3.5% |
| 2025 | -15.9% | -18.5% |
| 2026 | -19.4% | -41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and HIHO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BHM and HIHO?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.40 over the last year and 0.23 over 5 years.
Is HIHO a good diversifier for BHM?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/bhm-vs-hiho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhm-vs-hiho/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHM correlations · HIHO correlations
