CHRW vs HAO: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and Haoxi Health Technology Limited - Class A Ord Share (HAO) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and HAO?
Across a 3-year window, the weekly returns of CHRW and HAO correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -21887.5 %².
Among the 31 assets we track against CHRW, HAO ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CHRW ahead by 117.8 points (+19.9% versus -97.9%). Note the risk asymmetry: HAO runs 63.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CHRW vs HAO: side by side
| CHRW (C.H. Robinson) | HAO (Haoxi Health Technology Limited - Class A Ord Share) | |
|---|---|---|
| 1-year return | +19.9% | -97.9% |
| 5-year return | +86.8% | n/a |
| Volatility (ann.) | 35.7% | 2273.9% |
| Beta vs S&P 500 | 0.69 | -2.44 |
| Max drawdown (3Y) | -32.4% | -100.0% |
| Market cap | $17.7B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | HAO |
|---|---|---|
| 2022 | -13.1% | – |
| 2023 | -3.1% | – |
| 2024 | +22.9% | – |
| 2025 | +59.0% | +613.3% |
| 2026 | -5.3% | -97.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and HAO good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHRW and HAO?
As of 2026-08-27, the correlation of weekly returns between CHRW and HAO is -0.26 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is HAO a good diversifier for CHRW?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/chrw-vs-hao.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chrw-vs-hao/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRW correlations · HAO correlations
