HRL vs INSM: Correlation
Hormel Foods (HRL) and Insmed Incorporated (INSM) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and INSM?
On 3 years of weekly data the HRL/INSM correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.22 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -577.6 %².
Within HRL's tracked universe of 35 assets, INSM comes in at #28 by 3-year correlation. On 12-month performance INSM holds a 13.0-point edge, -22.8% against -9.8%. Risk is not evenly split, since INSM carries 3.8 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.
HRL vs INSM: side by side
| HRL (Hormel Foods) | INSM (Insmed Incorporated) | |
|---|---|---|
| 1-year return | -22.8% | -9.8% |
| 5-year return | -44.3% | +339.0% |
| Volatility (ann.) | 26.1% | 100.1% |
| Beta vs S&P 500 | 0.07 | 0.74 |
| Max drawdown (3Y) | -44.5% | -56.5% |
| Market cap | – | $26.5B |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | INSM |
|---|---|---|
| 2022 | -4.7% | -26.7% |
| 2023 | -27.5% | +55.1% |
| 2024 | +1.2% | +122.8% |
| 2025 | -21.3% | +152.1% |
| 2026 | -6.7% | -30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and INSM good diversifiers for each other?
Yes. With a correlation of -0.22, HRL and INSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HRL and INSM?
As of 2026-08-27, the correlation of weekly returns between HRL and INSM is -0.22 over 3 years, -0.02 over 1 year and -0.18 over 5 years.
Is INSM a good diversifier for HRL?
Yes. With a correlation of -0.22, HRL and INSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hrl-vs-insm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrl-vs-insm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRL correlations · INSM correlations
