GPGI vs HHH: Correlation
How closely do GPGI, Inc. (GPGI) and Howard Hughes Holdings Inc. (HHH) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPGI and HHH?
Across a 3-year window, the weekly returns of GPGI and HHH correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 677.7 %².
HHH is one of the assets that tracks GPGI most closely: it ranks #3 out of the 13 assets we track against GPGI. Their recent paths diverged sharply: over the last 12 months HHH outperformed by 19.0 percentage points (-33.2% for GPGI against -14.2% for HHH). Risk is not evenly split, since GPGI carries 1.8 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.
GPGI vs HHH: side by side
| GPGI (GPGI, Inc.) | HHH (Howard Hughes Holdings Inc.) | |
|---|---|---|
| 1-year return | -33.2% | -14.2% |
| 5-year return | +66.0% | -25.2% |
| Volatility (ann.) | 53.8% | 29.3% |
| Beta vs S&P 500 | 1.14 | 0.96 |
| Max drawdown (3Y) | -55.7% | -31.4% |
| Market cap | $3.8B | $3.9B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPGI | HHH |
|---|---|---|
| 2022 | -40.2% | -24.9% |
| 2023 | +10.0% | +11.9% |
| 2024 | +197.3% | -5.7% |
| 2025 | +51.4% | +3.7% |
| 2026 | -31.2% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPGI and HHH good diversifiers for each other?
Reasonably. At 0.43, GPGI and HHH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GPGI and HHH?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.48 over the last year and 0.37 over 5 years.
Is HHH a good diversifier for GPGI?
Reasonably. At 0.43, GPGI and HHH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/gpgi-vs-hhh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpgi-vs-hhh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPGI correlations · HHH correlations
