CRWD vs HE: Correlation
CrowdStrike (CRWD) and Hawaiian Electric Industries, Inc. (HE) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and HE?
Over the past 3 years, CRWD and HE moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -645.5 %².
By 3-year correlation, HE places #26 of the 31 assets tracked against CRWD. Correlation aside, the last 12 months split them widely, with CRWD ahead by 124.9 points (+115.8% versus -9.1%).
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.
CRWD vs HE: side by side
| CRWD (CrowdStrike) | HE (Hawaiian Electric Industries, Inc.) | |
|---|---|---|
| 1-year return | +115.8% | -9.1% |
| 5-year return | +218.4% | -71.4% |
| Volatility (ann.) | 50.2% | 58.8% |
| Beta vs S&P 500 | 1.87 | 0.09 |
| Max drawdown (3Y) | -44.4% | -53.3% |
| Market cap | $233.4B | $2.0B |
| P/E (trailing) | 3256.6 | 8.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRWD | HE |
|---|---|---|
| 2022 | -48.6% | +4.3% |
| 2023 | +142.5% | -64.6% |
| 2024 | +34.0% | -31.4% |
| 2025 | +37.0% | +26.4% |
| 2026 | +94.5% | -6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and HE good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRWD and HE?
As of 2026-08-27, the correlation of weekly returns between CRWD and HE is -0.22 over 3 years, -0.16 over 1 year and -0.07 over 5 years.
Is HE a good diversifier for CRWD?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/crwd-vs-he.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crwd-vs-he/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRWD correlations · HE correlations
