DDD vs HYPR: Correlation
Measured on weekly returns over the past three years, 3D Systems Corporation (DDD) and Hyperfine, Inc. (HYPR) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDD and HYPR?
Across a 3-year window, the weekly returns of DDD and HYPR correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.40). Stretching to 5 years gives 0.35, with an annualized covariance of 2871.7 %².
Among the 12 assets we track against DDD, HYPR ranks #6 by 3-year correlation. The last year tells two different stories: DDD led by 65.8 percentage points, +34.0% for DDD against -31.8% for HYPR.
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.
DDD vs HYPR: side by side
| DDD (3D Systems Corporation) | HYPR (Hyperfine, Inc.) | |
|---|---|---|
| 1-year return | +34.0% | -31.8% |
| 5-year return | -88.6% | -91.4% |
| Volatility (ann.) | 88.0% | 82.0% |
| Beta vs S&P 500 | 2.29 | 1.26 |
| Max drawdown (3Y) | -79.8% | -73.7% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDD | HYPR |
|---|---|---|
| 2022 | -65.6% | -88.4% |
| 2023 | -14.2% | +33.3% |
| 2024 | -48.3% | -21.4% |
| 2025 | -46.0% | +11.2% |
| 2026 | +93.8% | -13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDD and HYPR good diversifiers for each other?
Reasonably. At 0.40, DDD and HYPR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DDD and HYPR?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.26 over the last year and 0.35 over 5 years.
Is HYPR a good diversifier for DDD?
Reasonably. At 0.40, DDD and HYPR keep a meaningful degree of independence, and combining them has historically reduced portfolio 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: DDD correlations · HYPR correlations
