DFSC vs HHS: Correlation
Measured on weekly returns over the past three years, DEFSEC Technologies Inc. (DFSC) and Harte Hanks, Inc. (HHS) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFSC and HHS?
On 3 years of weekly data the DFSC/HHS correlation comes out at 0.45, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.45). The 5-year figure is -0.08, and annualized covariance runs at 4662.8 %².
Among the 14 assets we track against DFSC, HHS ranks #4 by 3-year correlation. The last year tells two different stories: HHS led by 64.0 percentage points, -44.1% for DFSC against +19.9% for HHS. One caveat on sizing: DFSC is 2.3 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.
DFSC vs HHS: side by side
| DFSC (DEFSEC Technologies Inc.) | HHS (Harte Hanks, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | +19.9% |
| 5-year return | -100.0% | -33.4% |
| Volatility (ann.) | 152.6% | 67.2% |
| Beta vs S&P 500 | 0.90 | 0.84 |
| Max drawdown (3Y) | -99.9% | -77.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFSC | HHS |
|---|---|---|
| 2022 | -96.2% | +53.8% |
| 2023 | -65.1% | -41.9% |
| 2024 | -92.2% | -24.2% |
| 2025 | -88.4% | -41.6% |
| 2026 | +9.4% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFSC and HHS good diversifiers for each other?
Reasonably. At 0.45, DFSC and HHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DFSC and HHS?
As of 2026-08-27, the correlation of weekly returns between DFSC and HHS is 0.45 over 3 years, 0.72 over 1 year and -0.08 over 5 years.
Is HHS a good diversifier for DFSC?
Reasonably. At 0.45, DFSC and HHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfsc-vs-hhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfsc-vs-hhs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFSC correlations · HHS correlations
