DOMO vs HQY: Correlation
Domo, Inc. (DOMO) and HealthEquity, Inc. (HQY) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOMO and HQY?
Across a 3-year window, the weekly returns of DOMO and HQY correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 1033.1 %².
Among the 13 assets we track against DOMO, HQY ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HQY ahead by 83.8 points (-77.7% versus +6.1%). Note the risk asymmetry: DOMO runs 2.3 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.
DOMO vs HQY: side by side
| DOMO (Domo, Inc.) | HQY (HealthEquity, Inc.) | |
|---|---|---|
| 1-year return | -77.7% | +6.1% |
| 5-year return | -95.7% | +45.4% |
| Volatility (ann.) | 74.7% | 32.9% |
| Beta vs S&P 500 | 2.02 | 0.63 |
| Max drawdown (3Y) | -89.0% | -36.1% |
| Market cap | $0.2B | $7.7B |
| P/E (trailing) | – | 39.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOMO | HQY |
|---|---|---|
| 2022 | -71.3% | +39.3% |
| 2023 | -27.7% | +7.6% |
| 2024 | -31.2% | +44.7% |
| 2025 | +19.1% | -4.5% |
| 2026 | -53.6% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOMO and HQY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOMO and HQY?
As of 2026-08-27, the correlation of weekly returns between DOMO and HQY is 0.42 over 3 years, 0.50 over 1 year and 0.32 over 5 years.
Is HQY a good diversifier for DOMO?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/domo-vs-hqy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/domo-vs-hqy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOMO correlations · HQY correlations
