HRL vs LILAK: Correlation
Measured on weekly returns over the past three years, Hormel Foods (HRL) and Liberty Latin America Ltd. (LILAK) 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 LILAK?
On 3 years of weekly data the HRL/LILAK correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.36). The 5-year figure is 0.28, and annualized covariance runs at 471.7 %².
Among the 35 assets we track against HRL, LILAK ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LILAK ahead by 70.9 points (-22.8% versus +48.1%). One caveat on sizing: LILAK 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 LILAK: side by side
| HRL (Hormel Foods) | LILAK (Liberty Latin America Ltd.) | |
|---|---|---|
| 1-year return | -22.8% | +48.1% |
| 5-year return | -44.3% | -15.2% |
| Volatility (ann.) | 26.1% | 49.7% |
| Beta vs S&P 500 | 0.07 | 0.52 |
| Max drawdown (3Y) | -44.5% | -57.2% |
| 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 | LILAK |
|---|---|---|
| 2022 | -4.7% | -33.3% |
| 2023 | -27.5% | -3.4% |
| 2024 | +1.2% | -13.6% |
| 2025 | -21.3% | +17.7% |
| 2026 | -6.7% | +63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and LILAK good diversifiers for each other?
Reasonably. At 0.36, HRL and LILAK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HRL and LILAK?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.55 over the last year and 0.28 over 5 years.
Is LILAK a good diversifier for HRL?
Reasonably. At 0.36, HRL and LILAK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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
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Related comparisons
Hubs: HRL correlations · LILAK correlations
