HLNE vs OWL: Correlation
Measured on weekly returns over the past three years, Hamilton Lane Incorporated (HLNE) and Blue Owl Capital Inc. (OWL) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLNE and OWL?
On 3 years of weekly data the HLNE/OWL correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.63 over 3. The 5-year figure is 0.67, and annualized covariance runs at 983.4 %².
In HLNE's tracked universe of 18 assets, OWL sits right near the top at #3. Their 12-month results are close: -29.4% for HLNE against -30.2% for OWL.
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.
HLNE vs OWL: side by side
| HLNE (Hamilton Lane Incorporated) | OWL (Blue Owl Capital Inc.) | |
|---|---|---|
| 1-year return | -29.4% | -30.2% |
| 5-year return | +32.3% | +8.2% |
| Volatility (ann.) | 37.2% | 41.9% |
| Beta vs S&P 500 | 1.23 | 1.77 |
| Max drawdown (3Y) | -62.3% | -67.1% |
| Market cap | $5.9B | $18.8B |
| P/E (trailing) | 16.0 | 100.2 |
| Dividend yield | 2.11% | 7.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLNE | OWL |
|---|---|---|
| 2022 | -37.0% | -26.3% |
| 2023 | +81.4% | +47.4% |
| 2024 | +32.4% | +61.8% |
| 2025 | -7.9% | -32.8% |
| 2026 | -19.4% | -14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLNE and OWL good diversifiers for each other?
Only partially. A correlation of 0.63 means HLNE and OWL 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 HLNE and OWL?
The HLNE/OWL correlation stands at 0.63 on a 3-year window (1 year: 0.71, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is OWL a good diversifier for HLNE?
Only partially. A correlation of 0.63 means HLNE and OWL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hlne-vs-owl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlne-vs-owl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HLNE correlations · OWL correlations
