HAPN vs UPST: Correlation
Measured on weekly returns over the past three years, Happen, Inc. (HAPN) and Upstart Holdings, Inc. (UPST) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAPN and UPST?
On 3 years of weekly data the HAPN/UPST correlation comes out at 0.59, moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.59). The 5-year figure is 0.53, and annualized covariance runs at 2770.9 %².
Among the 15 assets we track against HAPN, UPST ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HAPN outperformed by 65.9 percentage points (+9.7% for HAPN against -56.2% for UPST). One caveat on sizing: UPST is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HAPN vs UPST: side by side
| HAPN (Happen, Inc.) | UPST (Upstart Holdings, Inc.) | |
|---|---|---|
| 1-year return | +9.7% | -56.2% |
| 5-year return | -35.2% | -85.9% |
| Volatility (ann.) | 51.5% | 91.0% |
| Beta vs S&P 500 | 1.56 | 3.51 |
| Max drawdown (3Y) | -52.2% | -72.7% |
| Market cap | $2.1B | $3.0B |
| P/E (trailing) | 11.0 | 58.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAPN | UPST |
|---|---|---|
| 2022 | -63.6% | -91.3% |
| 2023 | -0.7% | +209.1% |
| 2024 | +85.2% | +50.7% |
| 2025 | +17.0% | -29.0% |
| 2026 | -2.6% | -30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAPN and UPST good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HAPN and UPST?
As of 2026-08-27, the correlation of weekly returns between HAPN and UPST is 0.59 over 3 years, 0.73 over 1 year and 0.53 over 5 years.
Is UPST a good diversifier for HAPN?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: HAPN correlations · UPST correlations
