HLP vs HWKN: Correlation
Hongli Group Inc. - Class A (HLP) and Hawkins, Inc. (HWKN) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLP and HWKN?
Over the past 3 years, HLP and HWKN moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1029.1 %².
By 3-year correlation, HWKN places #10 of the 15 assets tracked against HLP. The last year tells two different stories: HLP led by 121.2 percentage points, +89.7% for HLP against -31.5% for HWKN. One caveat on sizing: HLP is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HLP vs HWKN: side by side
| HLP (Hongli Group Inc. - Class A) | HWKN (Hawkins, Inc.) | |
|---|---|---|
| 1-year return | +89.7% | -31.5% |
| 5-year return | n/a | +226.8% |
| Volatility (ann.) | 127.2% | 38.4% |
| Beta vs S&P 500 | 0.02 | 0.65 |
| Max drawdown (3Y) | -91.9% | -35.9% |
| Market cap | $0.1B | $2.5B |
| P/E (trailing) | 43.0 | 30.8 |
| Dividend yield | 0.00% | 0.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLP | HWKN |
|---|---|---|
| 2022 | – | -0.8% |
| 2023 | – | +84.7% |
| 2024 | -22.0% | +75.5% |
| 2025 | -20.6% | +16.5% |
| 2026 | +24.0% | -16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLP and HWKN good diversifiers for each other?
Yes. With a correlation of -0.21, HLP and HWKN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HLP and HWKN?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.23 over the last year and n/a over 5 years.
Is HWKN a good diversifier for HLP?
Yes. With a correlation of -0.21, HLP and HWKN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/hlp-vs-hwkn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hlp-vs-hwkn/)
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Related comparisons
Hubs: HLP correlations · HWKN correlations
