HPP vs URGN: Correlation
Measured on weekly returns over the past three years, Hudson Pacific Properties, Inc. (HPP) and UroGen Pharma Ltd. (URGN) 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 HPP and URGN?
Across a 3-year window, the weekly returns of HPP and URGN correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Stretching to 5 years gives 0.26, with an annualized covariance of 2112.3 %².
Within HPP's tracked universe of 12 assets, URGN comes in at #7 by 3-year correlation. The last year tells two different stories: URGN led by 165.1 percentage points, -32.2% for HPP against +132.9% for URGN.
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.
HPP vs URGN: side by side
| HPP (Hudson Pacific Properties, Inc.) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -32.2% | +132.9% |
| 5-year return | -91.3% | +157.5% |
| Volatility (ann.) | 64.7% | 88.1% |
| Beta vs S&P 500 | 1.35 | 1.29 |
| Max drawdown (3Y) | -91.7% | -79.7% |
| Market cap | $1.5B | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HPP | URGN |
|---|---|---|
| 2022 | -57.9% | -6.7% |
| 2023 | +1.9% | +69.1% |
| 2024 | -66.9% | -29.0% |
| 2025 | -48.9% | +119.9% |
| 2026 | +25.3% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPP and URGN good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HPP and URGN?
The HPP/URGN correlation stands at 0.37 on a 3-year window (1 year: 0.28, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is URGN a good diversifier for HPP?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/hpp-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hpp-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HPP correlations · URGN correlations
