CDLX vs HSDT: Correlation
Cardlytics, Inc. (CDLX) and Solana Company (HSDT) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDLX and HSDT?
Over the past 3 years, CDLX and HSDT moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.40 over 3 years. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 9474.5 %².
By 3-year correlation, HSDT places #7 of the 15 assets tracked against CDLX. Twelve-month performance is nearly a tie, at -61.1% for CDLX and -60.7% for HSDT.
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.
CDLX vs HSDT: side by side
| CDLX (Cardlytics, Inc.) | HSDT (Solana Company) | |
|---|---|---|
| 1-year return | -61.1% | -60.7% |
| 5-year return | -99.6% | -100.0% |
| Volatility (ann.) | 134.2% | 177.7% |
| Beta vs S&P 500 | 2.27 | 0.34 |
| Max drawdown (3Y) | -98.3% | -100.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDLX | HSDT |
|---|---|---|
| 2022 | -91.3% | -94.1% |
| 2023 | +59.3% | -47.6% |
| 2024 | -59.7% | -91.7% |
| 2025 | -69.0% | -99.4% |
| 2026 | -65.1% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDLX and HSDT good diversifiers for each other?
Reasonably. At 0.40, CDLX and HSDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDLX and HSDT?
As of 2026-08-27, the correlation of weekly returns between CDLX and HSDT is 0.40 over 3 years, 0.73 over 1 year and 0.33 over 5 years.
Is HSDT a good diversifier for CDLX?
Reasonably. At 0.40, CDLX and HSDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/cdlx-vs-hsdt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdlx-vs-hsdt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDLX correlations · HSDT correlations
