HRL vs LILA: Correlation
Measured on weekly returns over the past three years, Hormel Foods (HRL) and Liberty Latin America Ltd. (LILA) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and LILA?
Over the past 3 years, HRL and LILA moved with a correlation of 0.36, which is moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.36). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 474.9 %².
Within HRL's tracked universe of 35 assets, LILA comes in at #11 by 3-year correlation. The last year tells two different stories: LILA led by 75.3 percentage points, -22.8% for HRL against +52.5% for LILA. One caveat on sizing: LILA is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LILA: side by side
| HRL (Hormel Foods) | LILA (Liberty Latin America Ltd.) | |
|---|---|---|
| 1-year return | -22.8% | +52.5% |
| 5-year return | -44.3% | -13.8% |
| Volatility (ann.) | 26.1% | 49.9% |
| Beta vs S&P 500 | 0.07 | 0.47 |
| Max drawdown (3Y) | -44.5% | -57.1% |
| Market cap | – | $1.6B |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | LILA |
|---|---|---|
| 2022 | -4.7% | -35.4% |
| 2023 | -27.5% | -2.9% |
| 2024 | +1.2% | -13.0% |
| 2025 | -21.3% | +16.2% |
| 2026 | -6.7% | +65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and LILA good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HRL and LILA?
The HRL/LILA correlation stands at 0.36 on a 3-year window (1 year: 0.55, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is LILA a good diversifier for HRL?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-lila.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrl-vs-lila/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HRL correlations · LILA correlations
