DLX vs HLLY: Correlation
Deluxe Corporation (DLX) and Holley Inc. (HLLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLX and HLLY?
Over the past 3 years, DLX and HLLY moved with a correlation of 0.56, which is moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.56). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1346.0 %².
Among the 20 assets we track against DLX, HLLY ranks #6 by 3-year correlation. The last year tells two different stories: DLX led by 50.7 percentage points, +25.3% for DLX against -25.4% for HLLY. Risk is not evenly split, since HLLY carries 1.5 times the volatility of the other side.
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.
DLX vs HLLY: side by side
| DLX (Deluxe Corporation) | HLLY (Holley Inc.) | |
|---|---|---|
| 1-year return | +25.3% | -25.4% |
| 5-year return | -19.3% | -74.8% |
| Volatility (ann.) | 39.8% | 60.1% |
| Beta vs S&P 500 | 1.08 | 1.33 |
| Max drawdown (3Y) | -40.9% | -70.2% |
| Market cap | $1.1B | $0.4B |
| P/E (trailing) | 10.8 | 33.0 |
| Dividend yield | 5.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLX | HLLY |
|---|---|---|
| 2022 | -44.4% | -83.7% |
| 2023 | +34.9% | +129.7% |
| 2024 | +11.3% | -38.0% |
| 2025 | +5.6% | +36.8% |
| 2026 | +9.5% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLX and HLLY good diversifiers for each other?
Only partially. A correlation of 0.56 means DLX and HLLY 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 DLX and HLLY?
As of 2026-08-27, the correlation of weekly returns between DLX and HLLY is 0.56 over 3 years, 0.41 over 1 year and 0.40 over 5 years.
Is HLLY a good diversifier for DLX?
Only partially. A correlation of 0.56 means DLX and HLLY 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/dlx-vs-hlly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dlx-vs-hlly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DLX correlations · HLLY correlations
