DCH vs HLIO: Correlation
How closely do Dauch Corporation (DCH) and Helios Technologies, Inc. (HLIO) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCH and HLIO?
Across a 3-year window, the weekly returns of DCH and HLIO correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.56 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 1160.0 %².
Among the 16 assets we track against DCH, HLIO ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HLIO ahead by 32.6 points (+5.2% versus +37.8%).
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.
DCH vs HLIO: side by side
| DCH (Dauch Corporation) | HLIO (Helios Technologies, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | +37.8% |
| 5-year return | -28.5% | -5.7% |
| Volatility (ann.) | 48.5% | 42.8% |
| Beta vs S&P 500 | 1.58 | 1.18 |
| Max drawdown (3Y) | -65.3% | -55.9% |
| Market cap | $1.5B | $2.5B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCH | HLIO |
|---|---|---|
| 2022 | -16.2% | -48.0% |
| 2023 | +12.7% | -16.2% |
| 2024 | -33.8% | -0.8% |
| 2025 | +9.9% | +21.0% |
| 2026 | -1.4% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCH and HLIO good diversifiers for each other?
Only partially. A correlation of 0.56 means DCH and HLIO 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 DCH and HLIO?
The DCH/HLIO correlation stands at 0.56 on a 3-year window (1 year: 0.46, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is HLIO a good diversifier for DCH?
Only partially. A correlation of 0.56 means DCH and HLIO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/dch-vs-hlio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dch-vs-hlio/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DCH correlations · HLIO correlations
