CRSR vs HPQ: Correlation
Corsair Gaming, Inc. (CRSR) and HP Inc. (HPQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSR and HPQ?
Over the past 3 years, CRSR and HPQ moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 1235.9 %².
Within CRSR's tracked universe of 19 assets, HPQ comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRSR outperformed by 20.6 percentage points (+35.5% for CRSR against +14.9% for HPQ). One caveat on sizing: CRSR is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRSR vs HPQ: side by side
| CRSR (Corsair Gaming, Inc.) | HPQ (HP Inc.) | |
|---|---|---|
| 1-year return | +35.5% | +14.9% |
| 5-year return | -57.7% | +19.9% |
| Volatility (ann.) | 71.0% | 34.2% |
| Beta vs S&P 500 | 2.22 | 1.15 |
| Max drawdown (3Y) | -71.3% | -51.2% |
| Market cap | $1.3B | $26.7B |
| P/E (trailing) | 38.6 | 11.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CRSR | HPQ |
|---|---|---|
| 2022 | -35.4% | -26.4% |
| 2023 | +3.9% | +16.1% |
| 2024 | -53.1% | +12.1% |
| 2025 | -10.1% | -28.7% |
| 2026 | +101.7% | +36.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSR and HPQ good diversifiers for each other?
Only partially. A correlation of 0.51 means CRSR and HPQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRSR and HPQ?
The CRSR/HPQ correlation stands at 0.51 on a 3-year window (1 year: 0.54, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is HPQ a good diversifier for CRSR?
Only partially. A correlation of 0.51 means CRSR and HPQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crsr-vs-hpq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crsr-vs-hpq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRSR correlations · HPQ correlations
