EVR vs HLI: Correlation
Measured on weekly returns over the past three years, Evercore Inc. (EVR) and Houlihan Lokey, Inc. (HLI) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVR and HLI?
Over the past 3 years, EVR and HLI moved with a correlation of 0.77, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.77 over 3. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 702.2 %².
Among the 22 assets we track against EVR, HLI ranks #4 by 3-year correlation. The last year tells two different stories: EVR led by 24.7 percentage points, -9.0% for EVR against -33.7% for HLI.
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.
EVR vs HLI: side by side
| EVR (Evercore Inc.) | HLI (Houlihan Lokey, Inc.) | |
|---|---|---|
| 1-year return | -9.0% | -33.7% |
| 5-year return | +125.5% | +58.6% |
| Volatility (ann.) | 35.8% | 25.5% |
| Beta vs S&P 500 | 1.64 | 0.95 |
| Max drawdown (3Y) | -47.9% | -40.3% |
| Market cap | $11.2B | $9.1B |
| P/E (trailing) | 16.4 | 21.8 |
| Dividend yield | 1.19% | 1.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVR | HLI |
|---|---|---|
| 2022 | -17.6% | -13.9% |
| 2023 | +60.6% | +40.7% |
| 2024 | +64.3% | +47.0% |
| 2025 | +24.3% | +1.6% |
| 2026 | -13.7% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVR and HLI good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVR and HLI?
As of 2026-08-27, the correlation of weekly returns between EVR and HLI is 0.77 over 3 years, 0.73 over 1 year and 0.72 over 5 years.
Is HLI a good diversifier for EVR?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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/evr-vs-hli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evr-vs-hli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVR correlations · HLI correlations
