FGI vs HHS: Correlation
How closely do FGI Industries Ltd. (FGI) and Harte Hanks, Inc. (HHS) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGI and HHS?
Over the past 3 years, FGI and HHS moved with a correlation of 0.47, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.47 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 4178.6 %².
In FGI's tracked universe of 13 assets, HHS sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months FGI outperformed by 55.1 percentage points (+75.0% for FGI against +19.9% for HHS). Risk is not evenly split, since FGI carries 2.0 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.
FGI vs HHS: side by side
| FGI (FGI Industries Ltd.) | HHS (Harte Hanks, Inc.) | |
|---|---|---|
| 1-year return | +75.0% | +19.9% |
| 5-year return | -61.6% | -33.4% |
| Volatility (ann.) | 133.7% | 67.2% |
| Beta vs S&P 500 | 1.29 | 0.84 |
| Max drawdown (3Y) | -72.6% | -77.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGI | HHS |
|---|---|---|
| 2022 | – | +53.8% |
| 2023 | -23.7% | -41.9% |
| 2024 | -52.7% | -24.2% |
| 2025 | +47.1% | -41.6% |
| 2026 | +31.4% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGI and HHS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FGI and HHS?
The FGI/HHS correlation stands at 0.47 on a 3-year window (1 year: 0.63, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is HHS a good diversifier for FGI?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/fgi-vs-hhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fgi-vs-hhs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FGI correlations · HHS correlations
