HRL vs LPA: Correlation
Measured on weekly returns over the past three years, Hormel Foods (HRL) and Logistic Properties of the Americas (LPA) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and LPA?
Over the past 3 years, HRL and LPA moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.11) runs above the 3-year figure (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3684.3 %².
LPA is close to the least connected end of HRL's tracked universe, ranking #33 of 35. Correlation aside, the last 12 months split them widely, with HRL ahead by 29.5 points (-22.8% versus -52.3%). Note the risk asymmetry: LPA runs 20.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 LPA: side by side
| HRL (Hormel Foods) | LPA (Logistic Properties of the Americas) | |
|---|---|---|
| 1-year return | -22.8% | -52.3% |
| 5-year return | -44.3% | n/a |
| Volatility (ann.) | 26.1% | 540.6% |
| Beta vs S&P 500 | 0.07 | -0.73 |
| Max drawdown (3Y) | -44.5% | -99.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 28.0 | 5.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | LPA |
|---|---|---|
| 2022 | -4.7% | – |
| 2023 | -27.5% | – |
| 2024 | +1.2% | – |
| 2025 | -21.3% | -74.5% |
| 2026 | -6.7% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and LPA good diversifiers for each other?
Yes. With a correlation of -0.26, HRL and LPA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HRL and LPA?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.11 over the last year and n/a over 5 years.
Is LPA a good diversifier for HRL?
Yes. With a correlation of -0.26, HRL and LPA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/hrl-vs-lpa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hrl-vs-lpa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HRL correlations · LPA correlations
