CCEL vs HYG: Correlation
Measured on weekly returns over the past three years, Cryo-Cell International, Inc. (CCEL) and iShares iBoxx High Yield Corporate Bond ETF (HYG) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEL and HYG?
Across a 3-year window, the weekly returns of CCEL and HYG correlate at 0.27, weak. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.27). Stretching to 5 years gives 0.13, with an annualized covariance of 70.7 %².
In CCEL's tracked universe of 11 assets, HYG sits right near the top at #3. The trailing year gives HYG the advantage: -3.6% versus +4.6%, a 8.2-point spread. One caveat on sizing: CCEL is 11.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCEL vs HYG: side by side
| CCEL (Cryo-Cell International, Inc.) | HYG (iShares iBoxx High Yield Corporate Bond ETF) | |
|---|---|---|
| 1-year return | -3.6% | +4.6% |
| 5-year return | -53.4% | +19.9% |
| Volatility (ann.) | 55.4% | 4.7% |
| Beta vs S&P 500 | 0.21 | 0.22 |
| Max drawdown (3Y) | -66.3% | -4.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 5.94% |
| Expense ratio | – | 0.49% |
| Assets under management | – | $17.1B |
| Sector / category | US Listed | ETF · Bonds |
HYG is a High Yield Bond fund from iShares: $17.1B under management, a 0.49% expense ratio, a 5.94% trailing dividend yield.
Year-by-year returns
| Year | CCEL | HYG |
|---|---|---|
| 2022 | -58.5% | -11.0% |
| 2023 | +35.9% | +11.5% |
| 2024 | +32.7% | +8.0% |
| 2025 | -50.6% | +8.6% |
| 2026 | +23.0% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEL and HYG good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCEL and HYG?
As of 2026-08-27, the correlation of weekly returns between CCEL and HYG is 0.27 over 3 years, 0.14 over 1 year and 0.13 over 5 years.
Is HYG a good diversifier for CCEL?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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/ccel-vs-hyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccel-vs-hyg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCEL correlations · HYG correlations
