HRL vs UHAL: Correlation
How closely do Hormel Foods (HRL) and U-Haul Holding Company (UHAL) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and UHAL?
On 3 years of weekly data the HRL/UHAL correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.37). The 5-year figure is 0.27, and annualized covariance runs at 279.4 %².
Among the 35 assets we track against HRL, UHAL ranks #8 by 3-year correlation. The last year tells two different stories: UHAL led by 41.9 percentage points, -22.8% for HRL against +19.1% for UHAL.
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 UHAL: side by side
| HRL (Hormel Foods) | UHAL (U-Haul Holding Company) | |
|---|---|---|
| 1-year return | -22.8% | +19.1% |
| 5-year return | -44.3% | +2.2% |
| Volatility (ann.) | 26.1% | 28.6% |
| Beta vs S&P 500 | 0.07 | 0.81 |
| Max drawdown (3Y) | -44.5% | -46.2% |
| Market cap | – | $13.4B |
| P/E (trailing) | 28.0 | 488.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | UHAL |
|---|---|---|
| 2022 | -4.7% | -17.0% |
| 2023 | -27.5% | +19.3% |
| 2024 | +1.2% | -3.8% |
| 2025 | -21.3% | -27.0% |
| 2026 | -6.7% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and UHAL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HRL and UHAL?
As of 2026-08-27, the correlation of weekly returns between HRL and UHAL is 0.37 over 3 years, 0.54 over 1 year and 0.27 over 5 years.
Is UHAL a good diversifier for HRL?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hrl-vs-uhal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrl-vs-uhal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRL correlations · UHAL correlations
