DUKR vs HRZN: Correlation
DUKE Robotics Corp. (DUKR) and Horizon Technology Finance Corporation (HRZN) show a negative relationship: their 3-year correlation of weekly returns is -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUKR and HRZN?
Over the past 3 years, DUKR and HRZN moved with a correlation of -0.51, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.68 versus -0.51 over 3 years. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -23852.3 %².
HRZN is close to the least connected end of DUKR's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with DUKR ahead by 1779.0 points (+1764.4% versus -14.6%). Risk is not evenly split, since DUKR carries 43.0 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.
DUKR vs HRZN: side by side
| DUKR (DUKE Robotics Corp.) | HRZN (Horizon Technology Finance Corporation) | |
|---|---|---|
| 1-year return | +1764.4% | -14.6% |
| 5-year return | +1517.6% | -44.7% |
| Volatility (ann.) | 1413.7% | 32.9% |
| Beta vs S&P 500 | -9.42 | 0.55 |
| Max drawdown (3Y) | -74.1% | -59.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 23.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUKR | HRZN |
|---|---|---|
| 2022 | -45.5% | -19.7% |
| 2023 | -16.7% | +27.0% |
| 2024 | +50.0% | -22.9% |
| 2025 | +63.3% | -14.4% |
| 2026 | +2144.9% | -14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUKR and HRZN good diversifiers for each other?
Yes. With a correlation of -0.51, DUKR and HRZN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DUKR and HRZN?
As of 2026-08-27, the correlation of weekly returns between DUKR and HRZN is -0.51 over 3 years, -0.68 over 1 year and -0.41 over 5 years.
Is HRZN a good diversifier for DUKR?
Yes. With a correlation of -0.51, DUKR and HRZN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dukr-vs-hrzn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dukr-vs-hrzn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DUKR correlations · HRZN correlations
