HNRG vs VST: Correlation
How closely do Hallador Energy Company (HNRG) and Vistra Corp. (VST) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNRG and VST?
Over the past 3 years, HNRG and VST moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1344.8 %².
Among the 11 assets we track against HNRG, VST ranks #5 by 3-year correlation. The last year tells two different stories: HNRG led by 29.8 percentage points, +2.0% for HNRG against -27.8% for VST.
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.
HNRG vs VST: side by side
| HNRG (Hallador Energy Company) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | +2.0% | -27.8% |
| 5-year return | +629.4% | +713.7% |
| Volatility (ann.) | 72.5% | 52.8% |
| Beta vs S&P 500 | 1.09 | 1.62 |
| Max drawdown (3Y) | -71.1% | -48.8% |
| Market cap | $0.8B | $46.9B |
| P/E (trailing) | 831.5 | 23.6 |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | HNRG | VST |
|---|---|---|
| 2022 | +306.1% | +5.1% |
| 2023 | -11.5% | +70.7% |
| 2024 | +29.5% | +261.5% |
| 2025 | +66.3% | +17.7% |
| 2026 | -12.7% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNRG and VST good diversifiers for each other?
Reasonably. At 0.35, HNRG and VST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HNRG and VST?
As of 2026-08-27, the correlation of weekly returns between HNRG and VST is 0.35 over 3 years, 0.28 over 1 year and 0.26 over 5 years.
Is VST a good diversifier for HNRG?
Reasonably. At 0.35, HNRG and VST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/hnrg-vs-vst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hnrg-vs-vst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HNRG correlations · VST correlations
