HFFG vs IHS: Correlation
HF Foods Group Inc. (HFFG) and IHS Holding Limited (IHS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFFG and IHS?
On 3 years of weekly data the HFFG/IHS correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.36 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 1363.5 %².
In HFFG's tracked universe of 13 assets, IHS sits right near the top at #3. Correlation aside, the last 12 months split them widely, with IHS ahead by 63.6 points (-48.4% versus +15.2%).
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.
HFFG vs IHS: side by side
| HFFG (HF Foods Group Inc.) | IHS (IHS Holding Limited) | |
|---|---|---|
| 1-year return | -48.4% | +15.2% |
| 5-year return | -69.2% | -51.0% |
| Volatility (ann.) | 67.7% | 55.6% |
| Beta vs S&P 500 | 0.86 | 0.88 |
| Max drawdown (3Y) | -75.7% | -68.7% |
| Market cap | $0.1B | $2.8B |
| P/E (trailing) | – | 5.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFFG | IHS |
|---|---|---|
| 2022 | -52.0% | -56.4% |
| 2023 | +31.5% | -25.2% |
| 2024 | -39.9% | -36.5% |
| 2025 | -33.0% | +155.5% |
| 2026 | -16.3% | +11.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFFG and IHS good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HFFG and IHS?
The HFFG/IHS correlation stands at 0.36 on a 3-year window (1 year: 0.05, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is IHS a good diversifier for HFFG?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/hffg-vs-ihs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hffg-vs-ihs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HFFG correlations · IHS correlations
