HALO vs VHI: Correlation
How closely do Halozyme Therapeutics, Inc. (HALO) and Valhi, Inc. (VHI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HALO and VHI?
Over the past 3 years, HALO and VHI moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 973.1 %².
Among the 12 assets we track against HALO, VHI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HALO ahead by 39.0 points (+46.1% versus +7.1%).
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 VHI: side by side
| HALO (Halozyme Therapeutics, Inc.) | VHI (Valhi, Inc.) | |
|---|---|---|
| 1-year return | +46.1% | +7.1% |
| 5-year return | +154.8% | -14.8% |
| Volatility (ann.) | 41.5% | 59.4% |
| Beta vs S&P 500 | 0.54 | 1.08 |
| Max drawdown (3Y) | -33.9% | -71.3% |
| Market cap | $12.1B | $0.5B |
| P/E (trailing) | 31.4 | – |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HALO | VHI |
|---|---|---|
| 2022 | +41.5% | -22.7% |
| 2023 | -35.0% | -29.4% |
| 2024 | +29.4% | +56.5% |
| 2025 | +40.8% | -47.4% |
| 2026 | +58.9% | +49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HALO and VHI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HALO and VHI?
The HALO/VHI correlation stands at 0.39 on a 3-year window (1 year: 0.39, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is VHI a good diversifier for HALO?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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 · VHI correlations
