HL vs HYMC: Correlation
Hecla Mining Company (HL) and Hycroft Mining Holding Corporation (HYMC) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HL and HYMC?
On 3 years of weekly data the HL/HYMC correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.66 over 3. The 5-year figure is 0.21, and annualized covariance runs at 4241.8 %².
Among the 16 assets we track against HL, HYMC ranks #9 by 3-year correlation. The last year tells two different stories: HYMC led by 355.4 percentage points, +167.1% for HL against +522.5% for HYMC.
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.
HL vs HYMC: side by side
| HL (Hecla Mining Company) | HYMC (Hycroft Mining Holding Corporation) | |
|---|---|---|
| 1-year return | +167.1% | +522.5% |
| 5-year return | +265.0% | +28.5% |
| Volatility (ann.) | 66.9% | 96.6% |
| Beta vs S&P 500 | 1.50 | 0.99 |
| Max drawdown (3Y) | -55.8% | -66.9% |
| Market cap | $14.4B | $2.4B |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 0.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HL | HYMC |
|---|---|---|
| 2022 | +7.0% | -13.4% |
| 2023 | -13.0% | -53.9% |
| 2024 | +2.8% | -9.8% |
| 2025 | +291.8% | +975.6% |
| 2026 | +11.7% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HL and HYMC good diversifiers for each other?
Only partially. A correlation of 0.66 means HL and HYMC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HL and HYMC?
The HL/HYMC correlation stands at 0.66 on a 3-year window (1 year: 0.71, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is HYMC a good diversifier for HL?
Only partially. A correlation of 0.66 means HL and HYMC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/hl-vs-hymc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hl-vs-hymc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HL correlations · HYMC correlations
