HHH vs RIGL: Correlation
How closely do Howard Hughes Holdings Inc. (HHH) and Rigel Pharmaceuticals, Inc. (RIGL) 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 HHH and RIGL?
Across a 3-year window, the weekly returns of HHH and RIGL correlate at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.54). Stretching to 5 years gives 0.25, with an annualized covariance of 1218.9 %².
By 3-year correlation, RIGL places #7 of the 17 assets tracked against HHH. Their recent paths diverged sharply: over the last 12 months RIGL outperformed by 32.1 percentage points (-14.2% for HHH against +17.9% for RIGL). Note the risk asymmetry: RIGL runs 2.6 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.
HHH vs RIGL: side by side
| HHH (Howard Hughes Holdings Inc.) | RIGL (Rigel Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -14.2% | +17.9% |
| 5-year return | -25.2% | +23.3% |
| Volatility (ann.) | 29.3% | 76.9% |
| Beta vs S&P 500 | 0.96 | 1.98 |
| Max drawdown (3Y) | -31.4% | -50.8% |
| Market cap | $3.9B | $0.9B |
| P/E (trailing) | 12.8 | 2.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HHH | RIGL |
|---|---|---|
| 2022 | -24.9% | -43.4% |
| 2023 | +11.9% | -3.3% |
| 2024 | -5.7% | +16.0% |
| 2025 | +3.7% | +154.6% |
| 2026 | -18.6% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHH and RIGL good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HHH and RIGL?
The HHH/RIGL correlation stands at 0.54 on a 3-year window (1 year: 0.36, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is RIGL a good diversifier for HHH?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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/hhh-vs-rigl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hhh-vs-rigl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HHH correlations · RIGL correlations
