HLF vs PTN: Correlation
Measured on weekly returns over the past three years, Herbalife Ltd. (HLF) and Palatin Technologies, Inc. (PTN) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLF and PTN?
Over the past 3 years, HLF and PTN moved with a correlation of 0.35, which is moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.35). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 3365.8 %².
Among the 12 assets we track against HLF, PTN ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HLF ahead by 31.3 points (+30.3% versus -1.0%). Risk is not evenly split, since PTN carries 2.2 times the volatility of the other side.
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.
HLF vs PTN: side by side
| HLF (Herbalife Ltd.) | PTN (Palatin Technologies, Inc.) | |
|---|---|---|
| 1-year return | +30.3% | -1.0% |
| 5-year return | -75.9% | -98.3% |
| Volatility (ann.) | 65.4% | 145.6% |
| Beta vs S&P 500 | 0.48 | 0.13 |
| Max drawdown (3Y) | -67.0% | -98.5% |
| Market cap | $1.3B | – |
| P/E (trailing) | 8.0 | 95.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLF | PTN |
|---|---|---|
| 2022 | -63.6% | -79.9% |
| 2023 | +2.6% | +55.5% |
| 2024 | -56.2% | -72.1% |
| 2025 | +92.7% | -72.3% |
| 2026 | -4.2% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLF and PTN good diversifiers for each other?
Reasonably. At 0.35, HLF and PTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HLF and PTN?
As of 2026-08-27, the correlation of weekly returns between HLF and PTN is 0.35 over 3 years, 0.57 over 1 year and 0.28 over 5 years.
Is PTN a good diversifier for HLF?
Reasonably. At 0.35, HLF and PTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/hlf-vs-ptn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlf-vs-ptn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HLF correlations · PTN correlations
