HRL vs REAX: Correlation
Hormel Foods (HRL) and Real REMAX Group Inc. (REAX) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and REAX?
Across a 3-year window, the weekly returns of HRL and REAX correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.23 over 3 years. Stretching to 5 years gives -0.19, with an annualized covariance of -2751.8 %².
Among the 35 assets we track against HRL, REAX ranks #30 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months REAX outperformed by 379.9 percentage points (-22.8% for HRL against +357.1% for REAX). Risk is not evenly split, since REAX carries 17.8 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 REAX: side by side
| HRL (Hormel Foods) | REAX (Real REMAX Group Inc.) | |
|---|---|---|
| 1-year return | -22.8% | +357.1% |
| 5-year return | -44.3% | +1133.9% |
| Volatility (ann.) | 26.1% | 463.3% |
| Beta vs S&P 500 | 0.07 | 1.90 |
| Max drawdown (3Y) | -44.5% | -76.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | REAX |
|---|---|---|
| 2022 | -4.7% | -71.5% |
| 2023 | -27.5% | +52.4% |
| 2024 | +1.2% | +187.5% |
| 2025 | -21.3% | -20.7% |
| 2026 | -6.7% | +547.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and REAX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HRL and REAX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.35 over the last year and -0.19 over 5 years.
Is REAX a good diversifier for HRL?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: HRL correlations · REAX correlations
