HGTY vs PH: Correlation
How closely do Hagerty, Inc. (HGTY) and Parker Hannifin (PH) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGTY and PH?
Over the past 3 years, HGTY and PH moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 313.0 %².
Among the 11 assets we track against HGTY, PH ranks #4 by 3-year correlation. On 12-month performance PH holds a 13.2-point edge, +19.6% against +32.8%.
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.
HGTY vs PH: side by side
| HGTY (Hagerty, Inc.) | PH (Parker Hannifin) | |
|---|---|---|
| 1-year return | +19.6% | +32.8% |
| 5-year return | +32.9% | +256.4% |
| Volatility (ann.) | 29.7% | 26.6% |
| Beta vs S&P 500 | 0.63 | 1.16 |
| Max drawdown (3Y) | -31.1% | -26.8% |
| Market cap | $4.6B | $127.5B |
| P/E (trailing) | 102.5 | 36.5 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HGTY | PH |
|---|---|---|
| 2022 | -40.7% | -6.9% |
| 2023 | -7.3% | +60.8% |
| 2024 | +23.7% | +39.6% |
| 2025 | +39.3% | +39.5% |
| 2026 | -0.9% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGTY and PH good diversifiers for each other?
Reasonably. At 0.40, HGTY and PH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HGTY and PH?
The HGTY/PH correlation stands at 0.40 on a 3-year window (1 year: 0.47, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is PH a good diversifier for HGTY?
Reasonably. At 0.40, HGTY and PH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hgty-vs-ph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hgty-vs-ph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HGTY correlations · PH correlations
