HFFG vs PEPG: Correlation
HF Foods Group Inc. (HFFG) and PepGen Inc. (PEPG) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFFG and PEPG?
On 3 years of weekly data the HFFG/PEPG correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. The 5-year figure is -0.18, and annualized covariance runs at -2359.5 %².
Out of 13 assets tracked against HFFG, PEPG lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with PEPG ahead by 196.0 points (-48.4% versus +147.6%). Note the risk asymmetry: PEPG runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PEPG: side by side
| HFFG (HF Foods Group Inc.) | PEPG (PepGen Inc.) | |
|---|---|---|
| 1-year return | -48.4% | +147.6% |
| 5-year return | -69.2% | -76.2% |
| Volatility (ann.) | 67.7% | 168.3% |
| Beta vs S&P 500 | 0.86 | 1.20 |
| Max drawdown (3Y) | -75.7% | -94.6% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFFG | PEPG |
|---|---|---|
| 2022 | -52.0% | – |
| 2023 | +31.5% | -49.1% |
| 2024 | -39.9% | -44.3% |
| 2025 | -33.0% | +71.8% |
| 2026 | -16.3% | -52.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFFG and PEPG good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between HFFG and PEPG?
As of 2026-08-27, the correlation of weekly returns between HFFG and PEPG is -0.21 over 3 years, -0.28 over 1 year and -0.18 over 5 years.
Is PEPG a good diversifier for HFFG?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: HFFG correlations · PEPG correlations
