HCKT vs OLLI: Correlation
How closely do The Hackett Group, Inc. (HCKT) and Ollie's Bargain Outlet Holdings, Inc. (OLLI) 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 HCKT and OLLI?
Across a 3-year window, the weekly returns of HCKT and OLLI correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 513.5 %².
Within HCKT's tracked universe of 20 assets, OLLI comes in at #13 by 3-year correlation. Twelve-month performance is nearly a tie, at -44.1% for HCKT and -45.2% for OLLI.
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 OLLI: side by side
| HCKT (The Hackett Group, Inc.) | OLLI (Ollie's Bargain Outlet Holdings, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | -45.2% |
| 5-year return | -35.3% | -6.7% |
| Volatility (ann.) | 37.5% | 35.2% |
| Beta vs S&P 500 | 0.78 | 0.75 |
| Max drawdown (3Y) | -70.5% | -56.1% |
| Market cap | $0.3B | $4.3B |
| P/E (trailing) | 17.5 | 18.4 |
| Dividend yield | 4.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCKT | OLLI |
|---|---|---|
| 2022 | +1.5% | -8.5% |
| 2023 | +14.1% | +62.0% |
| 2024 | +37.3% | +44.6% |
| 2025 | -34.7% | -0.1% |
| 2026 | -41.9% | -34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and OLLI 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 HCKT and OLLI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.43 over the last year and 0.31 over 5 years.
Is OLLI a good diversifier for HCKT?
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?
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/hckt-vs-olli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hckt-vs-olli/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HCKT correlations · OLLI correlations
