EXLS vs HCKT: Correlation
How closely do ExlService Holdings, Inc. (EXLS) and The Hackett Group, Inc. (HCKT) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and HCKT?
On 3 years of weekly data the EXLS/HCKT correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.59 over 3. The 5-year figure is 0.54, and annualized covariance runs at 707.3 %².
Among the 47 assets we track against EXLS, HCKT ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXLS outperformed by 30.7 percentage points (-13.4% for EXLS against -44.1% for HCKT).
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.
EXLS vs HCKT: side by side
| EXLS (ExlService Holdings, Inc.) | HCKT (The Hackett Group, Inc.) | |
|---|---|---|
| 1-year return | -13.4% | -44.1% |
| 5-year return | +55.2% | -35.3% |
| Volatility (ann.) | 31.7% | 37.5% |
| Beta vs S&P 500 | 0.77 | 0.78 |
| Max drawdown (3Y) | -51.3% | -70.5% |
| Market cap | $5.8B | $0.3B |
| P/E (trailing) | 23.7 | 17.5 |
| Dividend yield | 0.00% | 4.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXLS | HCKT |
|---|---|---|
| 2022 | +17.0% | +1.5% |
| 2023 | -9.0% | +14.1% |
| 2024 | +43.9% | +37.3% |
| 2025 | -4.4% | -34.7% |
| 2026 | -10.0% | -41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and HCKT good diversifiers for each other?
Only partially. A correlation of 0.59 means EXLS and HCKT 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 EXLS and HCKT?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.66 over the last year and 0.54 over 5 years.
Is HCKT a good diversifier for EXLS?
Only partially. A correlation of 0.59 means EXLS and HCKT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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
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[](https://www.pairbook.io/pair/exls-vs-hckt/)
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Related comparisons
Hubs: EXLS correlations · HCKT correlations
