GENC vs HZO: Correlation
Measured on weekly returns over the past three years, Gencor Industries, Inc. (GENC) and MarineMax, Inc. (FL) (HZO) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENC and HZO?
On 3 years of weekly data the GENC/HZO correlation comes out at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.53). The 5-year figure is 0.45, and annualized covariance runs at 1100.2 %².
HZO is one of the assets that tracks GENC most closely: it ranks #1 out of the 11 assets we track against GENC. The last year tells two different stories: HZO led by 70.9 percentage points, +15.9% for GENC against +86.8% for HZO. Note the risk asymmetry: HZO runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GENC vs HZO: side by side
| GENC (Gencor Industries, Inc.) | HZO (MarineMax, Inc. (FL)) | |
|---|---|---|
| 1-year return | +15.9% | +86.8% |
| 5-year return | +63.6% | +5.1% |
| Volatility (ann.) | 36.4% | 57.2% |
| Beta vs S&P 500 | 0.83 | 1.70 |
| Max drawdown (3Y) | -55.7% | -55.0% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | 18.7 | 326.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GENC | HZO |
|---|---|---|
| 2022 | -12.4% | -47.1% |
| 2023 | +59.8% | +24.6% |
| 2024 | +9.4% | -25.6% |
| 2025 | -26.6% | -16.3% |
| 2026 | +47.2% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENC and HZO good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GENC and HZO?
The GENC/HZO correlation stands at 0.53 on a 3-year window (1 year: 0.67, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is HZO a good diversifier for GENC?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/genc-vs-hzo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/genc-vs-hzo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GENC correlations · HZO correlations
