CLRO vs HYFM: Correlation
Measured on weekly returns over the past three years, ClearOne, Inc. (CLRO) and Hydrofarm Holdings Group, Inc. (HYFM) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and HYFM?
Over the past 3 years, CLRO and HYFM moved with a correlation of 0.42, which is moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.42). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 10371.5 %².
Within CLRO's tracked universe of 13 assets, HYFM comes in at #4 by 3-year correlation. The last year tells two different stories: CLRO led by 131.6 percentage points, +51.1% for CLRO against -80.5% for HYFM.
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.
CLRO vs HYFM: side by side
| CLRO (ClearOne, Inc.) | HYFM (Hydrofarm Holdings Group, Inc.) | |
|---|---|---|
| 1-year return | +51.1% | -80.5% |
| 5-year return | -59.8% | -99.8% |
| Volatility (ann.) | 165.8% | 148.0% |
| Beta vs S&P 500 | 2.00 | 2.71 |
| Max drawdown (3Y) | -87.2% | -96.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRO | HYFM |
|---|---|---|
| 2022 | +17.8% | -94.5% |
| 2023 | +26.6% | -40.8% |
| 2024 | +5.4% | -36.8% |
| 2025 | -56.5% | -74.0% |
| 2026 | +17.3% | -41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and HYFM good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLRO and HYFM?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.70 over the last year and 0.33 over 5 years.
Is HYFM a good diversifier for CLRO?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/clro-vs-hyfm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clro-vs-hyfm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLRO correlations · HYFM correlations
