HRB vs IRD: Correlation
H&R Block, Inc. (HRB) and Opus Genetics, Inc. (IRD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRB and IRD?
Across a 3-year window, the weekly returns of HRB and IRD correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -494.8 %².
Out of 13 assets tracked against HRB, IRD lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with IRD ahead by 213.2 points (+7.6% versus +220.8%). Risk is not evenly split, since IRD carries 2.2 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.
HRB vs IRD: side by side
| HRB (H&R Block, Inc.) | IRD (Opus Genetics, Inc.) | |
|---|---|---|
| 1-year return | +7.6% | +220.8% |
| 5-year return | +141.8% | -11.9% |
| Volatility (ann.) | 32.8% | 71.4% |
| Beta vs S&P 500 | 0.31 | 0.63 |
| Max drawdown (3Y) | -55.5% | -82.6% |
| Market cap | $6.5B | $0.3B |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 3.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRB | IRD |
|---|---|---|
| 2022 | +59.9% | -5.4% |
| 2023 | +36.9% | -14.7% |
| 2024 | +12.0% | -60.5% |
| 2025 | -14.9% | +68.9% |
| 2026 | +23.5% | +91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRB and IRD good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between HRB and IRD?
The HRB/IRD correlation stands at -0.21 on a 3-year window (1 year: -0.28, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is IRD a good diversifier for HRB?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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
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Related comparisons
Hubs: HRB correlations · IRD correlations
