HOUR vs HWH: Correlation
How closely do Hour Loop, Inc. (HOUR) and HWH International Inc. (HWH) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOUR and HWH?
On 3 years of weekly data the HOUR/HWH correlation comes out at 0.63, strong. The past 12 months show a tighter link (0.88) than the 3-year average (0.63). The 5-year figure is 0.59, and annualized covariance runs at 15891.2 %².
Few assets follow HOUR as closely as HWH, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with HWH ahead by 15.0 points (+26.1% versus +41.1%). Risk is not evenly split, since HWH carries 1.6 times the volatility of the other side.
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.
HOUR vs HWH: side by side
| HOUR (Hour Loop, Inc.) | HWH (HWH International Inc.) | |
|---|---|---|
| 1-year return | +26.1% | +41.1% |
| 5-year return | -76.6% | -95.9% |
| Volatility (ann.) | 126.8% | 198.9% |
| Beta vs S&P 500 | 1.23 | 0.98 |
| Max drawdown (3Y) | -74.1% | -98.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 46.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOUR | HWH |
|---|---|---|
| 2023 | -47.0% | +2.5% |
| 2024 | +62.6% | -93.7% |
| 2025 | -20.0% | -53.8% |
| 2026 | +3.9% | +33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOUR and HWH good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HOUR and HWH?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.88 over the last year and 0.59 over 5 years.
Is HWH a good diversifier for HOUR?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 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/hour-vs-hwh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hour-vs-hwh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOUR correlations · HWH correlations
