CP vs HTCO: Correlation
Canadian Pacific Kansas City Limited (CP) and High-Trend International Group - Class A (HTCO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CP and HTCO?
On 3 years of weekly data the CP/HTCO correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.27 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -819.7 %².
Out of 10 assets tracked against CP, HTCO lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with CP ahead by 100.7 points (+22.9% versus -77.8%). Risk is not evenly split, since HTCO carries 6.9 times the volatility of the other side.
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.
CP vs HTCO: side by side
| CP (Canadian Pacific Kansas City Limited) | HTCO (High-Trend International Group - Class A) | |
|---|---|---|
| 1-year return | +22.9% | -77.8% |
| 5-year return | +35.4% | -98.9% |
| Volatility (ann.) | 20.9% | 143.5% |
| Beta vs S&P 500 | 0.51 | -0.60 |
| Max drawdown (3Y) | -25.9% | -97.5% |
| Market cap | $82.5B | – |
| P/E (trailing) | 30.5 | – |
| Dividend yield | 1.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CP | HTCO |
|---|---|---|
| 2022 | +4.7% | -87.1% |
| 2023 | +6.8% | -63.0% |
| 2024 | -7.8% | +608.5% |
| 2025 | +2.4% | -89.9% |
| 2026 | +28.0% | -69.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CP and HTCO good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CP and HTCO?
The CP/HTCO correlation stands at -0.27 on a 3-year window (1 year: -0.15, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is HTCO a good diversifier for CP?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/cp-vs-htco.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cp-vs-htco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CP correlations · HTCO correlations
