BULL vs HTZ: Correlation
Measured on weekly returns over the past three years, Webull Corporation - Class A (BULL) and Hertz Global Holdings, Inc (HTZ) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BULL and HTZ?
Over the past 3 years, BULL and HTZ moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 4470.9 %².
In BULL's tracked universe of 16 assets, HTZ sits right near the top at #3. Correlation aside, the last 12 months split them widely, with BULL ahead by 31.4 points (-33.7% versus -65.1%).
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.
BULL vs HTZ: side by side
| BULL (Webull Corporation - Class A) | HTZ (Hertz Global Holdings, Inc) | |
|---|---|---|
| 1-year return | -33.7% | -65.1% |
| 5-year return | n/a | -87.9% |
| Volatility (ann.) | 80.3% | 102.2% |
| Beta vs S&P 500 | 0.42 | 1.27 |
| Max drawdown (3Y) | -92.6% | -91.2% |
| Market cap | $5.1B | $0.7B |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BULL | HTZ |
|---|---|---|
| 2022 | – | -38.4% |
| 2023 | +6.3% | -32.5% |
| 2024 | +7.4% | -64.8% |
| 2025 | -33.2% | +40.4% |
| 2026 | +23.2% | -60.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and HTZ good diversifiers for each other?
Only partially. A correlation of 0.55 means BULL and HTZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BULL and HTZ?
The BULL/HTZ correlation stands at 0.55 on a 3-year window (1 year: 0.23, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is HTZ a good diversifier for BULL?
Only partially. A correlation of 0.55 means BULL and HTZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bull-vs-htz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bull-vs-htz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BULL correlations · HTZ correlations
