HIND vs SKYW: Correlation
How closely do Vyome Holdings, Inc. (HIND) and SkyWest, Inc. (SKYW) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIND and SKYW?
Over the past 3 years, HIND and SKYW moved with a correlation of 0.34, which is moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.34). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 1209.1 %².
SKYW is one of the assets that tracks HIND most closely: it ranks #1 out of the 12 assets we track against HIND. Correlation aside, the last 12 months split them widely, with SKYW ahead by 59.9 points (-79.2% versus -19.3%). Note the risk asymmetry: HIND runs 3.2 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.
HIND vs SKYW: side by side
| HIND (Vyome Holdings, Inc.) | SKYW (SkyWest, Inc.) | |
|---|---|---|
| 1-year return | -79.2% | -19.3% |
| 5-year return | -100.0% | +114.2% |
| Volatility (ann.) | 107.5% | 33.3% |
| Beta vs S&P 500 | 1.58 | 0.95 |
| Max drawdown (3Y) | -100.0% | -36.6% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIND | SKYW |
|---|---|---|
| 2022 | -91.8% | -58.0% |
| 2023 | -96.3% | +216.2% |
| 2024 | -69.2% | +91.8% |
| 2025 | -99.2% | +0.3% |
| 2026 | -35.8% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIND and SKYW good diversifiers for each other?
Reasonably. At 0.34, HIND and SKYW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HIND and SKYW?
As of 2026-08-27, the correlation of weekly returns between HIND and SKYW is 0.34 over 3 years, 0.49 over 1 year and 0.17 over 5 years.
Is SKYW a good diversifier for HIND?
Reasonably. At 0.34, HIND and SKYW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hind-vs-skyw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hind-vs-skyw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIND correlations · SKYW correlations
