HLNE vs RPC: Correlation
How closely do Hamilton Lane Incorporated (HLNE) and Ridgepost Capital, Inc. (RPC) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLNE and RPC?
Over the past 3 years, HLNE and RPC moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 839.7 %².
Within HLNE's tracked universe of 18 assets, RPC comes in at #7 by 3-year correlation. Twelve-month performance is nearly a tie, at -29.4% for HLNE and -28.8% for RPC.
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 RPC: side by side
| HLNE (Hamilton Lane Incorporated) | RPC (Ridgepost Capital, Inc.) | |
|---|---|---|
| 1-year return | -29.4% | -28.8% |
| 5-year return | +32.3% | -23.6% |
| Volatility (ann.) | 37.2% | 38.1% |
| Beta vs S&P 500 | 1.23 | 1.41 |
| Max drawdown (3Y) | -62.3% | -50.2% |
| Market cap | $5.9B | $1.0B |
| P/E (trailing) | 16.0 | 36.3 |
| Dividend yield | 2.11% | 1.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLNE | RPC |
|---|---|---|
| 2022 | -37.0% | -23.1% |
| 2023 | +81.4% | -3.0% |
| 2024 | +32.4% | +25.2% |
| 2025 | -7.9% | -21.2% |
| 2026 | -19.4% | -10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLNE and RPC good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HLNE and RPC?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.62 over the last year and 0.51 over 5 years.
Is RPC a good diversifier for HLNE?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: HLNE correlations · RPC correlations
