HIPO vs LMND: Correlation
Hippo Holdings Inc. (HIPO) and Lemonade, Inc. (LMND) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIPO and LMND?
Across a 3-year window, the weekly returns of HIPO and LMND correlate at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.55 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 2978.0 %².
Few assets follow HIPO as closely as LMND, which ranks #1 of 10 tracked partners. Twelve-month performance is nearly a tie, at -3.2% for HIPO and -0.1% for LMND.
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.
HIPO vs LMND: side by side
| HIPO (Hippo Holdings Inc.) | LMND (Lemonade, Inc.) | |
|---|---|---|
| 1-year return | -3.2% | -0.1% |
| 5-year return | -73.4% | -28.5% |
| Volatility (ann.) | 64.1% | 84.2% |
| Beta vs S&P 500 | 1.59 | 2.01 |
| Max drawdown (3Y) | -39.6% | -51.5% |
| Market cap | $0.9B | $4.2B |
| P/E (trailing) | 7.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIPO | LMND |
|---|---|---|
| 2022 | -80.8% | -67.5% |
| 2023 | -32.9% | +17.9% |
| 2024 | +193.5% | +127.4% |
| 2025 | +12.4% | +94.1% |
| 2026 | +8.4% | -24.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIPO and LMND good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HIPO and LMND?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.27 over the last year and 0.49 over 5 years.
Is LMND a good diversifier for HIPO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/hipo-vs-lmnd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hipo-vs-lmnd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIPO correlations · LMND correlations
