HP vs TTI: Correlation
Helmerich & Payne, Inc. (HP) and Tetra Technologies, Inc. (TTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HP and TTI?
Over the past 3 years, HP and TTI moved with a correlation of 0.56, which is moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.56). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 1485.2 %².
Among the 18 assets we track against HP, TTI ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HP ahead by 67.1 points (+120.8% versus +53.7%).
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.
HP vs TTI: side by side
| HP (Helmerich & Payne, Inc.) | TTI (Tetra Technologies, Inc.) | |
|---|---|---|
| 1-year return | +120.8% | +53.7% |
| 5-year return | +92.0% | +123.5% |
| Volatility (ann.) | 44.3% | 59.6% |
| Beta vs S&P 500 | 0.76 | 0.96 |
| Max drawdown (3Y) | -64.4% | -67.4% |
| Market cap | $4.2B | $1.0B |
| P/E (trailing) | – | 173.2 |
| Dividend yield | 2.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HP | TTI |
|---|---|---|
| 2022 | +115.2% | +21.8% |
| 2023 | -23.2% | +30.6% |
| 2024 | -7.8% | -20.8% |
| 2025 | -6.3% | +161.7% |
| 2026 | +50.8% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HP and TTI good diversifiers for each other?
Only partially. A correlation of 0.56 means HP and TTI 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 HP and TTI?
As of 2026-08-27, the correlation of weekly returns between HP and TTI is 0.56 over 3 years, 0.39 over 1 year and 0.64 over 5 years.
Is TTI a good diversifier for HP?
Only partially. A correlation of 0.56 means HP and TTI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/hp-vs-tti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hp-vs-tti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HP correlations · TTI correlations
