HLI vs PFSI: Correlation
How closely do Houlihan Lokey, Inc. (HLI) and PennyMac Financial Services, Inc. (PFSI) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLI and PFSI?
Across a 3-year window, the weekly returns of HLI and PFSI correlate at 0.53, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.53). Stretching to 5 years gives 0.54, with an annualized covariance of 476.6 %².
Within HLI's tracked universe of 15 assets, PFSI comes in at #8 by 3-year correlation. Twelve-month performance is nearly a tie, at -33.7% for HLI and -31.3% for PFSI.
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.
HLI vs PFSI: side by side
| HLI (Houlihan Lokey, Inc.) | PFSI (PennyMac Financial Services, Inc.) | |
|---|---|---|
| 1-year return | -33.7% | -31.3% |
| 5-year return | +58.6% | +17.5% |
| Volatility (ann.) | 25.5% | 34.9% |
| Beta vs S&P 500 | 0.95 | 0.57 |
| Max drawdown (3Y) | -40.3% | -53.8% |
| Market cap | $9.1B | $3.8B |
| P/E (trailing) | 21.8 | 10.0 |
| Dividend yield | 1.93% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLI | PFSI |
|---|---|---|
| 2022 | -13.9% | -17.6% |
| 2023 | +40.7% | +57.8% |
| 2024 | +47.0% | +16.8% |
| 2025 | +1.6% | +30.5% |
| 2026 | -24.3% | -43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLI and PFSI good diversifiers for each other?
Only partially. A correlation of 0.53 means HLI and PFSI 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 HLI and PFSI?
The HLI/PFSI correlation stands at 0.53 on a 3-year window (1 year: 0.64, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is PFSI a good diversifier for HLI?
Only partially. A correlation of 0.53 means HLI and PFSI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/hli-vs-pfsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hli-vs-pfsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLI correlations · PFSI correlations
