HLNE vs PJT: Correlation
Hamilton Lane Incorporated (HLNE) and PJT Partners Inc. (PJT) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLNE and PJT?
On 3 years of weekly data the HLNE/PJT correlation comes out at 0.63, strong. The link has loosened recently: the 1-year correlation (0.51) runs below the 3-year figure (0.63). The 5-year figure is 0.56, and annualized covariance runs at 683.0 %².
Within HLNE's tracked universe of 18 assets, PJT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PJT ahead by 28.2 points (-29.4% versus -1.2%).
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 PJT: side by side
| HLNE (Hamilton Lane Incorporated) | PJT (PJT Partners Inc.) | |
|---|---|---|
| 1-year return | -29.4% | -1.2% |
| 5-year return | +32.3% | +143.7% |
| Volatility (ann.) | 37.2% | 29.4% |
| Beta vs S&P 500 | 1.23 | 1.08 |
| Max drawdown (3Y) | -62.3% | -32.5% |
| Market cap | $5.9B | $7.6B |
| P/E (trailing) | 16.0 | 24.3 |
| Dividend yield | 2.11% | 0.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLNE | PJT |
|---|---|---|
| 2022 | -37.0% | +0.9% |
| 2023 | +81.4% | +40.0% |
| 2024 | +32.4% | +56.2% |
| 2025 | -7.9% | +6.6% |
| 2026 | -19.4% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLNE and PJT good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HLNE and PJT?
The HLNE/PJT correlation stands at 0.63 on a 3-year window (1 year: 0.51, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is PJT a good diversifier for HLNE?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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-pjt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlne-vs-pjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLNE correlations · PJT correlations
