HHS vs NXGL: Correlation
Measured on weekly returns over the past three years, Harte Hanks, Inc. (HHS) and NexGel, Inc (NXGL) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHS and NXGL?
Over the past 3 years, HHS and NXGL moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.42 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 2268.5 %².
Within HHS's tracked universe of 21 assets, NXGL comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HHS ahead by 104.9 points (+19.9% versus -85.0%).
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 NXGL: side by side
| HHS (Harte Hanks, Inc.) | NXGL (NexGel, Inc) | |
|---|---|---|
| 1-year return | +19.9% | -85.0% |
| 5-year return | -33.4% | -90.1% |
| Volatility (ann.) | 67.2% | 79.8% |
| Beta vs S&P 500 | 0.84 | 1.14 |
| Max drawdown (3Y) | -77.2% | -93.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HHS | NXGL |
|---|---|---|
| 2022 | +53.8% | -52.1% |
| 2023 | -41.9% | +70.4% |
| 2024 | -24.2% | +109.4% |
| 2025 | -41.6% | -63.9% |
| 2026 | +43.9% | -78.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHS and NXGL good diversifiers for each other?
Reasonably. At 0.42, HHS and NXGL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HHS and NXGL?
As of 2026-08-27, the correlation of weekly returns between HHS and NXGL is 0.42 over 3 years, 0.61 over 1 year and 0.35 over 5 years.
Is NXGL a good diversifier for HHS?
Reasonably. At 0.42, HHS and NXGL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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-nxgl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hhs-vs-nxgl/)
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Related comparisons
Hubs: HHS correlations · NXGL correlations
