HPQ vs LOGI: Correlation
Measured on weekly returns over the past three years, HP Inc. (HPQ) and Logitech International S.A. - Registered Shares (LOGI) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPQ and LOGI?
On 3 years of weekly data the HPQ/LOGI correlation comes out at 0.65, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.65 over 3. The 5-year figure is 0.58, and annualized covariance runs at 760.3 %².
In HPQ's tracked universe of 28 assets, LOGI sits right near the top at #1. The last year tells two different stories: HPQ led by 18.4 percentage points, +14.9% for HPQ against -3.5% for LOGI.
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.
HPQ vs LOGI: side by side
| HPQ (HP Inc.) | LOGI (Logitech International S.A. - Registered Shares) | |
|---|---|---|
| 1-year return | +14.9% | -3.5% |
| 5-year return | +19.9% | +0.1% |
| Volatility (ann.) | 34.2% | 34.3% |
| Beta vs S&P 500 | 1.15 | 1.24 |
| Max drawdown (3Y) | -51.2% | -37.6% |
| Market cap | $26.7B | $14.0B |
| P/E (trailing) | 11.3 | 18.4 |
| Dividend yield | 0.00% | 1.69% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | HPQ | LOGI |
|---|---|---|
| 2022 | -26.4% | -22.9% |
| 2023 | +16.1% | +55.3% |
| 2024 | +12.1% | -12.0% |
| 2025 | -28.7% | +23.5% |
| 2026 | +36.8% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPQ and LOGI good diversifiers for each other?
Only partially. A correlation of 0.65 means HPQ and LOGI 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 HPQ and LOGI?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.71 over the last year and 0.58 over 5 years.
Is LOGI a good diversifier for HPQ?
Only partially. A correlation of 0.65 means HPQ and LOGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 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/hpq-vs-logi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hpq-vs-logi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HPQ correlations · LOGI correlations
