HROW vs TKO: Correlation
How closely do Harrow, Inc. (HROW) and TKO Group Holdings (TKO) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HROW and TKO?
Over the past 3 years, HROW and TKO moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 945.8 %².
Within HROW's tracked universe of 11 assets, TKO comes in at #6 by 3-year correlation. Their 12-month results are close: -0.6% for HROW against +0.8% for TKO. Note the risk asymmetry: HROW runs 2.3 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.
HROW vs TKO: side by side
| HROW (Harrow, Inc.) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | -0.6% | +0.8% |
| 5-year return | +288.9% | +281.8% |
| Volatility (ann.) | 75.0% | 32.1% |
| Beta vs S&P 500 | 1.98 | 0.70 |
| Max drawdown (3Y) | -61.4% | -34.8% |
| Market cap | $1.4B | $34.9B |
| P/E (trailing) | – | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | HROW | TKO |
|---|---|---|
| 2022 | +70.8% | +39.9% |
| 2023 | -24.1% | +23.9% |
| 2024 | +199.6% | +74.2% |
| 2025 | +46.1% | +48.9% |
| 2026 | -21.3% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HROW and TKO good diversifiers for each other?
Reasonably. At 0.39, HROW and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HROW and TKO?
The HROW/TKO correlation stands at 0.39 on a 3-year window (1 year: 0.38, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is TKO a good diversifier for HROW?
Reasonably. At 0.39, HROW and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/hrow-vs-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrow-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HROW correlations · TKO correlations
