HLMN vs SUPN: Correlation
Measured on weekly returns over the past three years, Hillman Solutions Corp. (HLMN) and Supernus Pharmaceuticals, Inc. (SUPN) 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 HLMN and SUPN?
Across a 3-year window, the weekly returns of HLMN and SUPN correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 539.2 %².
By 3-year correlation, SUPN places #13 of the 19 assets tracked against HLMN. Correlation aside, the last 12 months split them widely, with SUPN ahead by 19.3 points (-21.3% versus -2.0%).
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 SUPN: side by side
| HLMN (Hillman Solutions Corp.) | SUPN (Supernus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -21.3% | -2.0% |
| 5-year return | -33.4% | +67.3% |
| Volatility (ann.) | 36.7% | 32.5% |
| Beta vs S&P 500 | 1.01 | 0.69 |
| Max drawdown (3Y) | -42.3% | -30.1% |
| Market cap | $1.5B | $2.6B |
| P/E (trailing) | 39.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLMN | SUPN |
|---|---|---|
| 2022 | -32.9% | +22.3% |
| 2023 | +27.7% | -18.9% |
| 2024 | +5.8% | +24.9% |
| 2025 | -11.1% | +37.4% |
| 2026 | -9.4% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLMN and SUPN good diversifiers for each other?
Reasonably. At 0.45, HLMN and SUPN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HLMN and SUPN?
The HLMN/SUPN correlation stands at 0.45 on a 3-year window (1 year: 0.37, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is SUPN a good diversifier for HLMN?
Reasonably. At 0.45, HLMN and SUPN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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 · SUPN correlations
