HALO vs HGTY: Correlation
How closely do Halozyme Therapeutics, Inc. (HALO) and Hagerty, Inc. (HGTY) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HALO and HGTY?
Across a 3-year window, the weekly returns of HALO and HGTY correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.17, with an annualized covariance of 540.0 %².
HGTY is one of the assets that tracks HALO most closely: it ranks #2 out of the 12 assets we track against HALO. The last year tells two different stories: HALO led by 26.5 percentage points, +46.1% for HALO against +19.6% for HGTY.
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.
HALO vs HGTY: side by side
| HALO (Halozyme Therapeutics, Inc.) | HGTY (Hagerty, Inc.) | |
|---|---|---|
| 1-year return | +46.1% | +19.6% |
| 5-year return | +154.8% | +32.9% |
| Volatility (ann.) | 41.5% | 29.7% |
| Beta vs S&P 500 | 0.54 | 0.63 |
| Max drawdown (3Y) | -33.9% | -31.1% |
| Market cap | $12.1B | $4.6B |
| P/E (trailing) | 31.4 | 102.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HALO | HGTY |
|---|---|---|
| 2022 | +41.5% | -40.7% |
| 2023 | -35.0% | -7.3% |
| 2024 | +29.4% | +23.7% |
| 2025 | +40.8% | +39.3% |
| 2026 | +58.9% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HALO and HGTY good diversifiers for each other?
Reasonably. At 0.44, HALO and HGTY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HALO and HGTY?
As of 2026-08-27, the correlation of weekly returns between HALO and HGTY is 0.44 over 3 years, 0.62 over 1 year and 0.17 over 5 years.
Is HGTY a good diversifier for HALO?
Reasonably. At 0.44, HALO and HGTY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HALO correlations · HGTY correlations
