HKIT vs ILAG: Correlation
Hitek Global Inc. - Class A (HKIT) and Intelligent Living Application Group Inc. (ILAG) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HKIT and ILAG?
Over the past 3 years, HKIT and ILAG moved with a correlation of 0.34, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.22 versus 0.34 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8744.7 %².
Among the 14 assets we track against HKIT, ILAG ranks #6 by 3-year correlation. The last year tells two different stories: ILAG led by 58.2 percentage points, -99.9% for HKIT against -41.7% for ILAG. One caveat on sizing: HKIT is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HKIT vs ILAG: side by side
| HKIT (Hitek Global Inc. - Class A) | ILAG (Intelligent Living Application Group Inc.) | |
|---|---|---|
| 1-year return | -99.9% | -41.7% |
| 5-year return | n/a | -94.7% |
| Volatility (ann.) | 233.1% | 109.3% |
| Beta vs S&P 500 | 1.70 | 0.45 |
| Max drawdown (3Y) | -100.0% | -83.0% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HKIT | ILAG |
|---|---|---|
| 2023 | – | -17.6% |
| 2024 | +36.2% | +27.0% |
| 2025 | +55.9% | -56.0% |
| 2026 | -100.0% | -19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HKIT and ILAG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HKIT and ILAG?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with -0.22 over the last year and n/a over 5 years.
Is ILAG a good diversifier for HKIT?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/hkit-vs-ilag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hkit-vs-ilag/)
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Related comparisons
Hubs: HKIT correlations · ILAG correlations
