HCC vs PRMB: Correlation
Measured on weekly returns over the past three years, Warrior Met Coal, Inc. (HCC) and Primo Brands Corporation (PRMB) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCC and PRMB?
Across a 3-year window, the weekly returns of HCC and PRMB correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -464.4 %².
Out of 10 assets tracked against HCC, PRMB lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with HCC ahead by 94.2 points (+84.3% versus -9.9%).
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.
HCC vs PRMB: side by side
| HCC (Warrior Met Coal, Inc.) | PRMB (Primo Brands Corporation) | |
|---|---|---|
| 1-year return | +84.3% | -9.9% |
| 5-year return | +450.1% | +43.1% |
| Volatility (ann.) | 48.0% | 39.7% |
| Beta vs S&P 500 | 0.98 | 0.62 |
| Max drawdown (3Y) | -45.5% | -59.1% |
| Market cap | $5.7B | $8.1B |
| P/E (trailing) | 25.3 | 77.4 |
| Dividend yield | 0.30% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCC | PRMB |
|---|---|---|
| 2022 | +41.0% | -10.1% |
| 2023 | +81.6% | -0.9% |
| 2024 | -9.8% | +114.6% |
| 2025 | +63.5% | -46.0% |
| 2026 | +23.1% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCC and PRMB good diversifiers for each other?
Yes. With a correlation of -0.24, HCC and PRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HCC and PRMB?
The HCC/PRMB correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is PRMB a good diversifier for HCC?
Yes. With a correlation of -0.24, HCC and PRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: HCC correlations · PRMB correlations
