HHS vs MDXH: Correlation
How closely do Harte Hanks, Inc. (HHS) and MDxHealth SA (MDXH) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHS and MDXH?
On 3 years of weekly data the HHS/MDXH correlation comes out at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.47). The 5-year figure is 0.38, and annualized covariance runs at 2740.4 %².
Within HHS's tracked universe of 21 assets, MDXH comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HHS ahead by 99.8 points (+19.9% versus -79.9%).
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 MDXH: side by side
| HHS (Harte Hanks, Inc.) | MDXH (MDxHealth SA) | |
|---|---|---|
| 1-year return | +19.9% | -79.9% |
| 5-year return | -33.4% | -94.0% |
| Volatility (ann.) | 67.2% | 86.5% |
| Beta vs S&P 500 | 0.84 | 1.97 |
| Max drawdown (3Y) | -77.2% | -92.0% |
| 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 | MDXH |
|---|---|---|
| 2022 | +53.8% | -30.6% |
| 2023 | -41.9% | -40.4% |
| 2024 | -24.2% | -39.8% |
| 2025 | -41.6% | +50.6% |
| 2026 | +43.9% | -79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHS and MDXH good diversifiers for each other?
Reasonably. At 0.47, HHS and MDXH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HHS and MDXH?
As of 2026-08-27, the correlation of weekly returns between HHS and MDXH is 0.47 over 3 years, 0.67 over 1 year and 0.38 over 5 years.
Is MDXH a good diversifier for HHS?
Reasonably. At 0.47, HHS and MDXH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/hhs-vs-mdxh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hhs-vs-mdxh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HHS correlations · MDXH correlations
