EXPE vs HLNE: Correlation
Expedia Group (EXPE) and Hamilton Lane Incorporated (HLNE) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and HLNE?
Over the past 3 years, EXPE and HLNE moved with a correlation of 0.56, which is moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.56). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 890.5 %².
HLNE is one of the assets that tracks EXPE most closely: it ranks #2 out of the 33 assets we track against EXPE. The last year tells two different stories: EXPE led by 80.9 percentage points, +51.5% for EXPE against -29.4% for HLNE.
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.
EXPE vs HLNE: side by side
| EXPE (Expedia Group) | HLNE (Hamilton Lane Incorporated) | |
|---|---|---|
| 1-year return | +51.5% | -29.4% |
| 5-year return | +123.9% | +32.3% |
| Volatility (ann.) | 42.7% | 37.2% |
| Beta vs S&P 500 | 1.33 | 1.23 |
| Max drawdown (3Y) | -37.4% | -62.3% |
| Market cap | $38.3B | $5.9B |
| P/E (trailing) | 21.0 | 16.0 |
| Dividend yield | 0.53% | 2.11% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EXPE | HLNE |
|---|---|---|
| 2022 | -51.5% | -37.0% |
| 2023 | +73.3% | +81.4% |
| 2024 | +22.8% | +32.4% |
| 2025 | +53.3% | -7.9% |
| 2026 | +13.1% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and HLNE good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXPE and HLNE?
The EXPE/HLNE correlation stands at 0.56 on a 3-year window (1 year: 0.67, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is HLNE a good diversifier for EXPE?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/expe-vs-hlne.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expe-vs-hlne/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXPE correlations · HLNE correlations
