CRCT vs HLIO: Correlation
How closely do Cricut, Inc. (CRCT) and Helios Technologies, Inc. (HLIO) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRCT and HLIO?
Over the past 3 years, CRCT and HLIO moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.40). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 850.9 %².
Few assets follow CRCT as closely as HLIO, which ranks #3 of 10 tracked partners. The last year tells two different stories: HLIO led by 35.4 percentage points, +2.4% for CRCT against +37.8% for HLIO.
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.
CRCT vs HLIO: side by side
| CRCT (Cricut, Inc.) | HLIO (Helios Technologies, Inc.) | |
|---|---|---|
| 1-year return | +2.4% | +37.8% |
| 5-year return | -70.1% | -5.7% |
| Volatility (ann.) | 49.2% | 42.8% |
| Beta vs S&P 500 | 0.94 | 1.18 |
| Max drawdown (3Y) | -53.2% | -55.9% |
| Market cap | $1.2B | $2.5B |
| P/E (trailing) | 14.2 | 34.9 |
| Dividend yield | 3.44% | 0.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRCT | HLIO |
|---|---|---|
| 2022 | -58.0% | -48.0% |
| 2023 | -20.1% | -16.2% |
| 2024 | -4.9% | -0.8% |
| 2025 | +0.1% | +21.0% |
| 2026 | +19.8% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRCT and HLIO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRCT and HLIO?
The CRCT/HLIO correlation stands at 0.40 on a 3-year window (1 year: 0.29, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is HLIO a good diversifier for CRCT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: CRCT correlations · HLIO correlations
