HCKT vs KD: Correlation
How closely do The Hackett Group, Inc. (HCKT) and Kyndryl Holdings, Inc. (KD) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCKT and KD?
Over the past 3 years, HCKT and KD moved with a correlation of 0.54, which is moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.54). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1092.4 %².
Among the 20 assets we track against HCKT, KD ranks #6 by 3-year correlation. On 12-month performance HCKT holds a 13.9-point edge, -44.1% against -58.0%.
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.
HCKT vs KD: side by side
| HCKT (The Hackett Group, Inc.) | KD (Kyndryl Holdings, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | -58.0% |
| 5-year return | -35.3% | -67.5% |
| Volatility (ann.) | 37.5% | 53.4% |
| Beta vs S&P 500 | 0.78 | 1.59 |
| Max drawdown (3Y) | -70.5% | -75.6% |
| Market cap | $0.3B | $2.9B |
| P/E (trailing) | 17.5 | 34.0 |
| Dividend yield | 4.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCKT | KD |
|---|---|---|
| 2022 | +1.5% | -38.6% |
| 2023 | +14.1% | +86.9% |
| 2024 | +37.3% | +66.5% |
| 2025 | -34.7% | -23.2% |
| 2026 | -41.9% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and KD good diversifiers for each other?
Only partially. A correlation of 0.54 means HCKT and KD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HCKT and KD?
As of 2026-08-27, the correlation of weekly returns between HCKT and KD is 0.54 over 3 years, 0.66 over 1 year and 0.44 over 5 years.
Is KD a good diversifier for HCKT?
Only partially. A correlation of 0.54 means HCKT and KD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hckt-vs-kd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hckt-vs-kd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HCKT correlations · KD correlations
