HLNE vs TPG: Correlation
Measured on weekly returns over the past three years, Hamilton Lane Incorporated (HLNE) and TPG Inc. (TPG) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLNE and TPG?
Over the past 3 years, HLNE and TPG moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 900.9 %².
Few assets follow HLNE as closely as TPG, which ranks #2 of 18 tracked partners. Their recent paths diverged sharply: over the last 12 months TPG outperformed by 21.3 percentage points (-29.4% for HLNE against -8.1% for TPG).
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 TPG: side by side
| HLNE (Hamilton Lane Incorporated) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | -29.4% | -8.1% |
| 5-year return | +32.3% | +91.2% |
| Volatility (ann.) | 37.2% | 37.6% |
| Beta vs S&P 500 | 1.23 | 1.62 |
| Max drawdown (3Y) | -62.3% | -44.8% |
| Market cap | $5.9B | $21.1B |
| P/E (trailing) | 16.0 | 78.2 |
| Dividend yield | 2.11% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLNE | TPG |
|---|---|---|
| 2022 | -37.0% | – |
| 2023 | +81.4% | +62.4% |
| 2024 | +32.4% | +50.6% |
| 2025 | -7.9% | +5.1% |
| 2026 | -19.4% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLNE and TPG good diversifiers for each other?
Only partially. A correlation of 0.64 means HLNE and TPG 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 TPG?
The HLNE/TPG correlation stands at 0.64 on a 3-year window (1 year: 0.71, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is TPG a good diversifier for HLNE?
Only partially. A correlation of 0.64 means HLNE and TPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
A reading of 0.64 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
$ curl https://www.pairbook.io/api/v1/pairs/hlne-vs-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlne-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLNE correlations · TPG correlations
