HHS vs INO: Correlation
How closely do Harte Hanks, Inc. (HHS) and Inovio Pharmaceuticals, Inc. (INO) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHS and INO?
Over the past 3 years, HHS and INO moved with a correlation of 0.41, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.41 over 3 years. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 2707.6 %².
Within HHS's tracked universe of 21 assets, INO comes in at #13 by 3-year correlation. The last year tells two different stories: HHS led by 68.7 percentage points, +19.9% for HHS against -48.8% for INO.
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.
HHS vs INO: side by side
| HHS (Harte Hanks, Inc.) | INO (Inovio Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | -48.8% |
| 5-year return | -33.4% | -98.8% |
| Volatility (ann.) | 67.2% | 99.4% |
| Beta vs S&P 500 | 0.84 | 1.55 |
| Max drawdown (3Y) | -77.2% | -95.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HHS | INO |
|---|---|---|
| 2022 | +53.8% | -68.7% |
| 2023 | -41.9% | -67.3% |
| 2024 | -24.2% | -70.1% |
| 2025 | -41.6% | -4.9% |
| 2026 | +43.9% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHS and INO good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HHS and INO?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.66 over the last year and 0.32 over 5 years.
Is INO a good diversifier for HHS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hhs-vs-ino.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hhs-vs-ino/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HHS correlations · INO correlations
