GDDY vs HLI: Correlation
How closely do GoDaddy (GDDY) and Houlihan Lokey, Inc. (HLI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and HLI?
Over the past 3 years, GDDY and HLI moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 396.7 %².
By 3-year correlation, HLI places #14 of the 32 assets tracked against GDDY. Neither side won the trailing year by much: -34.4% against -33.7%.
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.
GDDY vs HLI: side by side
| GDDY (GoDaddy) | HLI (Houlihan Lokey, Inc.) | |
|---|---|---|
| 1-year return | -34.4% | -33.7% |
| 5-year return | +32.1% | +58.6% |
| Volatility (ann.) | 33.6% | 25.5% |
| Beta vs S&P 500 | 0.93 | 0.95 |
| Max drawdown (3Y) | -65.0% | -40.3% |
| Market cap | $12.3B | $9.1B |
| P/E (trailing) | 14.4 | 21.8 |
| Dividend yield | 0.00% | 1.93% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GDDY | HLI |
|---|---|---|
| 2022 | -11.8% | -13.9% |
| 2023 | +41.9% | +40.7% |
| 2024 | +85.9% | +47.0% |
| 2025 | -37.1% | +1.6% |
| 2026 | -21.8% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and HLI good diversifiers for each other?
Reasonably. At 0.46, GDDY and HLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDDY and HLI?
As of 2026-08-27, the correlation of weekly returns between GDDY and HLI is 0.46 over 3 years, 0.33 over 1 year and 0.39 over 5 years.
Is HLI a good diversifier for GDDY?
Reasonably. At 0.46, GDDY and HLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/gddy-vs-hli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gddy-vs-hli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDDY correlations · HLI correlations
