CPNG vs HOOD: Correlation
Measured on weekly returns over the past three years, Coupang, Inc. (CPNG) and Robinhood Markets (HOOD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPNG and HOOD?
Across a 3-year window, the weekly returns of CPNG and HOOD correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.42, with an annualized covariance of 1206.0 %².
In CPNG's tracked universe of 11 assets, HOOD sits right near the top at #3. The last year tells two different stories: HOOD led by 49.1 percentage points, -42.5% for CPNG against +6.6% for HOOD. Note the risk asymmetry: HOOD runs 1.9 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.
CPNG vs HOOD: side by side
| CPNG (Coupang, Inc.) | HOOD (Robinhood Markets) | |
|---|---|---|
| 1-year return | -42.5% | +6.6% |
| 5-year return | -46.1% | +151.5% |
| Volatility (ann.) | 37.4% | 71.4% |
| Beta vs S&P 500 | 0.95 | 2.88 |
| Max drawdown (3Y) | -54.9% | -57.3% |
| Market cap | $29.2B | $98.7B |
| P/E (trailing) | – | 48.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CPNG | HOOD |
|---|---|---|
| 2022 | -49.9% | -54.2% |
| 2023 | +10.1% | +56.5% |
| 2024 | +35.8% | +192.5% |
| 2025 | +7.3% | +203.5% |
| 2026 | -31.2% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPNG and HOOD good diversifiers for each other?
Reasonably. At 0.45, CPNG and HOOD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPNG and HOOD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.57 over the last year and 0.42 over 5 years.
Is HOOD a good diversifier for CPNG?
Reasonably. At 0.45, CPNG and HOOD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/cpng-vs-hood.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpng-vs-hood/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPNG correlations · HOOD correlations
