CHNR vs HLF: Correlation
China Natural Resources, Inc. (CHNR) and Herbalife Ltd. (HLF) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and HLF?
Across a 3-year window, the weekly returns of CHNR and HLF correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -1355.3 %².
HLF is close to the least connected end of CHNR's tracked universe, ranking #21 of 22. The last year tells two different stories: HLF led by 22.1 percentage points, +8.2% for CHNR against +30.3% for HLF.
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.
CHNR vs HLF: side by side
| CHNR (China Natural Resources, Inc.) | HLF (Herbalife Ltd.) | |
|---|---|---|
| 1-year return | +8.2% | +30.3% |
| 5-year return | -91.7% | -75.9% |
| Volatility (ann.) | 83.4% | 65.4% |
| Beta vs S&P 500 | 0.65 | 0.48 |
| Max drawdown (3Y) | -88.4% | -67.0% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | HLF |
|---|---|---|
| 2022 | -34.5% | -63.6% |
| 2023 | -16.3% | +2.6% |
| 2024 | -57.2% | -56.2% |
| 2025 | -33.8% | +92.7% |
| 2026 | +13.9% | -4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and HLF good diversifiers for each other?
Yes. With a correlation of -0.25, CHNR and HLF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHNR and HLF?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.19 over the last year and -0.09 over 5 years.
Is HLF a good diversifier for CHNR?
Yes. With a correlation of -0.25, CHNR and HLF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chnr-vs-hlf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chnr-vs-hlf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHNR correlations · HLF correlations
