CRWD vs HRL: Correlation
CrowdStrike (CRWD) and Hormel Foods (HRL) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and HRL?
Over the past 3 years, CRWD and HRL moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -250.8 %².
By 3-year correlation, HRL places #22 of the 31 assets tracked against CRWD. The last year tells two different stories: CRWD led by 138.6 percentage points, +115.8% for CRWD against -22.8% for HRL. Across three years, the rolling one-year figure varied moderately, from -0.35 to -0.02. Note the risk asymmetry: CRWD 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.
CRWD vs HRL: side by side
| CRWD (CrowdStrike) | HRL (Hormel Foods) | |
|---|---|---|
| 1-year return | +115.8% | -22.8% |
| 5-year return | +218.4% | -44.3% |
| Volatility (ann.) | 50.2% | 26.1% |
| Beta vs S&P 500 | 1.87 | 0.07 |
| Max drawdown (3Y) | -44.4% | -44.5% |
| Market cap | $233.4B | – |
| P/E (trailing) | 3256.6 | 28.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | CRWD | HRL |
|---|---|---|
| 2022 | -48.6% | -4.7% |
| 2023 | +142.5% | -27.5% |
| 2024 | +34.0% | +1.2% |
| 2025 | +37.0% | -21.3% |
| 2026 | +94.5% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and HRL good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRWD and HRL?
The CRWD/HRL correlation stands at -0.19 on a 3-year window (1 year: -0.21, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is HRL a good diversifier for CRWD?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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-hrl.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRWD correlations · HRL correlations
