HLMN vs USPH: Correlation
Hillman Solutions Corp. (HLMN) and U.S. Physical Therapy, Inc. (USPH) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLMN and USPH?
On 3 years of weekly data the HLMN/USPH correlation comes out at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.56 over 3 years. The 5-year figure is 0.51, and annualized covariance runs at 696.9 %².
Among the 19 assets we track against HLMN, USPH ranks #8 by 3-year correlation. The last year tells two different stories: USPH led by 17.2 percentage points, -21.3% for HLMN against -4.1% for USPH.
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 USPH: side by side
| HLMN (Hillman Solutions Corp.) | USPH (U.S. Physical Therapy, Inc.) | |
|---|---|---|
| 1-year return | -21.3% | -4.1% |
| 5-year return | -33.4% | -25.3% |
| Volatility (ann.) | 36.7% | 33.7% |
| Beta vs S&P 500 | 1.01 | 0.84 |
| Max drawdown (3Y) | -42.3% | -45.4% |
| Market cap | $1.5B | $1.2B |
| P/E (trailing) | 39.2 | 465.3 |
| Dividend yield | 0.00% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLMN | USPH |
|---|---|---|
| 2022 | -32.9% | -13.7% |
| 2023 | +27.7% | +17.0% |
| 2024 | +5.8% | -3.0% |
| 2025 | -11.1% | -9.9% |
| 2026 | -9.4% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLMN and USPH good diversifiers for each other?
Only partially. A correlation of 0.56 means HLMN and USPH 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 HLMN and USPH?
The HLMN/USPH correlation stands at 0.56 on a 3-year window (1 year: 0.35, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is USPH a good diversifier for HLMN?
Only partially. A correlation of 0.56 means HLMN and USPH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/hlmn-vs-usph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlmn-vs-usph/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLMN correlations · USPH correlations
