HLIO vs VISN: Correlation
Measured on weekly returns over the past three years, Helios Technologies, Inc. (HLIO) and Vistance Networks, Inc. (VISN) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLIO and VISN?
Over the past 3 years, HLIO and VISN moved with a correlation of 0.45, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.45). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 2036.5 %².
By 3-year correlation, VISN places #9 of the 18 assets tracked against HLIO. The trailing year gives VISN the advantage: +37.8% versus +47.8%, a 10.0-point spread. One caveat on sizing: VISN is 2.5 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.
HLIO vs VISN: side by side
| HLIO (Helios Technologies, Inc.) | VISN (Vistance Networks, Inc.) | |
|---|---|---|
| 1-year return | +37.8% | +47.8% |
| 5-year return | -5.7% | +50.2% |
| Volatility (ann.) | 42.8% | 105.2% |
| Beta vs S&P 500 | 1.18 | 1.73 |
| Max drawdown (3Y) | -55.9% | -76.6% |
| Market cap | $2.5B | $2.7B |
| P/E (trailing) | 34.9 | – |
| Dividend yield | 0.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLIO | VISN |
|---|---|---|
| 2022 | -48.0% | -33.4% |
| 2023 | -16.2% | -61.6% |
| 2024 | -0.8% | +84.8% |
| 2025 | +21.0% | +248.0% |
| 2026 | +39.8% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLIO and VISN good diversifiers for each other?
Reasonably. At 0.45, HLIO and VISN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HLIO and VISN?
As of 2026-08-27, the correlation of weekly returns between HLIO and VISN is 0.45 over 3 years, 0.17 over 1 year and 0.39 over 5 years.
Is VISN a good diversifier for HLIO?
Reasonably. At 0.45, HLIO and VISN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/hlio-vs-visn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlio-vs-visn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLIO correlations · VISN correlations
