HRL vs ZCMD: Correlation
Hormel Foods (HRL) and Zhongchao Inc. - Class A (ZCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and ZCMD?
Across a 3-year window, the weekly returns of HRL and ZCMD correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.16, with an annualized covariance of -763.7 %².
Within HRL's tracked universe of 35 assets, ZCMD comes in at #27 by 3-year correlation. The last year tells two different stories: HRL led by 77.1 percentage points, -22.8% for HRL against -99.9% for ZCMD. Risk is not evenly split, since ZCMD carries 5.4 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 ZCMD: side by side
| HRL (Hormel Foods) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | -22.8% | -99.9% |
| 5-year return | -44.3% | -100.0% |
| Volatility (ann.) | 26.1% | 141.8% |
| Beta vs S&P 500 | 0.07 | 0.59 |
| Max drawdown (3Y) | -44.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | ZCMD |
|---|---|---|
| 2022 | -4.7% | -35.4% |
| 2023 | -27.5% | -69.5% |
| 2024 | +1.2% | -53.8% |
| 2025 | -21.3% | -72.2% |
| 2026 | -6.7% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between HRL and ZCMD?
As of 2026-08-27, the correlation of weekly returns between HRL and ZCMD is -0.21 over 3 years, -0.31 over 1 year and -0.16 over 5 years.
Is ZCMD a good diversifier for HRL?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrl-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRL correlations · ZCMD correlations
