EIC vs HRL: Correlation
Eagle Point Income Company (EIC) and Hormel Foods (HRL) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIC and HRL?
Across a 3-year window, the weekly returns of EIC and HRL correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -94.5 %².
HRL is close to the least connected end of EIC's tracked universe, ranking #9 of 12. Their 12-month results are close: -19.6% for EIC against -22.8% for HRL.
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.
EIC vs HRL: side by side
| EIC (Eagle Point Income Company) | HRL (Hormel Foods) | |
|---|---|---|
| 1-year return | -19.6% | -22.8% |
| 5-year return | +6.9% | -44.3% |
| Volatility (ann.) | 17.5% | 26.1% |
| Beta vs S&P 500 | 0.36 | 0.07 |
| Max drawdown (3Y) | -34.1% | -44.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 28.0 |
| Dividend yield | 14.30% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | EIC | HRL |
|---|---|---|
| 2022 | -10.5% | -4.7% |
| 2023 | +20.9% | -27.5% |
| 2024 | +24.0% | +1.2% |
| 2025 | -15.3% | -21.3% |
| 2026 | -7.3% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIC and HRL good diversifiers for each other?
Yes. With a correlation of -0.21, EIC and HRL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EIC and HRL?
As of 2026-08-27, the correlation of weekly returns between EIC and HRL is -0.21 over 3 years, -0.25 over 1 year and -0.09 over 5 years.
Is HRL a good diversifier for EIC?
Yes. With a correlation of -0.21, EIC and HRL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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: EIC correlations · HRL correlations
