HOOD vs SANG: Correlation
Measured on weekly returns over the past three years, Robinhood Markets (HOOD) and Sangoma Technologies Corporation (SANG) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and SANG?
Over the past 3 years, HOOD and SANG moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1132.2 %².
Within HOOD's tracked universe of 39 assets, SANG comes in at #29 by 3-year correlation. The last year tells two different stories: HOOD led by 42.5 percentage points, +6.6% for HOOD against -35.9% for SANG. One caveat on sizing: HOOD is 1.7 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.
HOOD vs SANG: side by side
| HOOD (Robinhood Markets) | SANG (Sangoma Technologies Corporation) | |
|---|---|---|
| 1-year return | +6.6% | -35.9% |
| 5-year return | +151.5% | -78.8% |
| Volatility (ann.) | 71.4% | 42.3% |
| Beta vs S&P 500 | 2.88 | 0.77 |
| Max drawdown (3Y) | -57.3% | -55.6% |
| Market cap | $98.7B | $0.1B |
| P/E (trailing) | 48.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HOOD | SANG |
|---|---|---|
| 2022 | -54.2% | -71.2% |
| 2023 | +56.5% | -34.0% |
| 2024 | +192.5% | +123.1% |
| 2025 | +203.5% | -29.0% |
| 2026 | -3.0% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and SANG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HOOD and SANG?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.37 over the last year and 0.32 over 5 years.
Is SANG a good diversifier for HOOD?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hood-vs-sang.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hood-vs-sang/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOOD correlations · SANG correlations
