HCI vs PBR: Correlation
HCI Group, Inc. (HCI) and Petroleo Brasileiro S.A. Petrobras (PBR) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCI and PBR?
Over the past 3 years, HCI and PBR moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.19 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -223.6 %².
PBR is close to the least connected end of HCI's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with PBR ahead by 40.9 points (+15.2% versus +56.1%).
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.
HCI vs PBR: side by side
| HCI (HCI Group, Inc.) | PBR (Petroleo Brasileiro S.A. Petrobras) | |
|---|---|---|
| 1-year return | +15.2% | +56.1% |
| 5-year return | +86.4% | +417.1% |
| Volatility (ann.) | 35.9% | 32.9% |
| Beta vs S&P 500 | 0.62 | -0.08 |
| Max drawdown (3Y) | -28.3% | -26.9% |
| Market cap | $2.3B | $117.6B |
| P/E (trailing) | 8.1 | 4.5 |
| Dividend yield | 0.86% | 20.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCI | PBR |
|---|---|---|
| 2022 | -51.2% | +57.2% |
| 2023 | +126.8% | +89.2% |
| 2024 | +35.5% | -2.3% |
| 2025 | +66.3% | -1.1% |
| 2026 | -1.8% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCI and PBR good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HCI and PBR?
As of 2026-08-27, the correlation of weekly returns between HCI and PBR is -0.19 over 3 years, -0.31 over 1 year and -0.19 over 5 years.
Is PBR a good diversifier for HCI?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/hci-vs-pbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hci-vs-pbr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HCI correlations · PBR correlations
