HLMN vs INFU: Correlation
Measured on weekly returns over the past three years, Hillman Solutions Corp. (HLMN) and InfuSystems Holdings, Inc. (INFU) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLMN and INFU?
On 3 years of weekly data the HLMN/INFU correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.49 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 1048.4 %².
Among the 19 assets we track against HLMN, INFU ranks #10 by 3-year correlation. The last year tells two different stories: INFU led by 37.9 percentage points, -21.3% for HLMN against +16.6% for INFU. Risk is not evenly split, since INFU carries 1.6 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.
HLMN vs INFU: side by side
| HLMN (Hillman Solutions Corp.) | INFU (InfuSystems Holdings, Inc.) | |
|---|---|---|
| 1-year return | -21.3% | +16.6% |
| 5-year return | -33.4% | -14.6% |
| Volatility (ann.) | 36.7% | 58.6% |
| Beta vs S&P 500 | 1.01 | 1.46 |
| Max drawdown (3Y) | -42.3% | -56.8% |
| Market cap | $1.5B | $0.2B |
| P/E (trailing) | 39.2 | 30.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLMN | INFU |
|---|---|---|
| 2022 | -32.9% | -49.0% |
| 2023 | +27.7% | +21.4% |
| 2024 | +5.8% | -19.8% |
| 2025 | -11.1% | +6.2% |
| 2026 | -9.4% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLMN and INFU good diversifiers for each other?
Reasonably. At 0.49, HLMN and INFU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HLMN and INFU?
The HLMN/INFU correlation stands at 0.49 on a 3-year window (1 year: 0.31, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is INFU a good diversifier for HLMN?
Reasonably. At 0.49, HLMN and INFU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HLMN correlations · INFU correlations
