HHH vs TIPT: Correlation
How closely do Howard Hughes Holdings Inc. (HHH) and Tiptree Inc. (TIPT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHH and TIPT?
On 3 years of weekly data the HHH/TIPT correlation comes out at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.48 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 466.2 %².
Among the 17 assets we track against HHH, TIPT ranks #10 by 3-year correlation. The trailing year gives HHH the advantage: -14.2% versus -21.3%, a 7.1-point spread.
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 TIPT: side by side
| HHH (Howard Hughes Holdings Inc.) | TIPT (Tiptree Inc.) | |
|---|---|---|
| 1-year return | -14.2% | -21.3% |
| 5-year return | -25.2% | +95.1% |
| Volatility (ann.) | 29.3% | 33.5% |
| Beta vs S&P 500 | 0.96 | 0.71 |
| Max drawdown (3Y) | -31.4% | -37.9% |
| Market cap | $3.9B | $0.7B |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 0.00% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HHH | TIPT |
|---|---|---|
| 2022 | -24.9% | +1.4% |
| 2023 | +11.9% | +38.8% |
| 2024 | -5.7% | +12.8% |
| 2025 | +3.7% | -11.4% |
| 2026 | -18.6% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHH and TIPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HHH and TIPT?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.31 over the last year and 0.39 over 5 years.
Is TIPT a good diversifier for HHH?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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: HHH correlations · TIPT correlations
