HRTG vs RLYB: Correlation
Heritage Insurance Holdings, Inc. (HRTG) and Rallybio Corporation (RLYB) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRTG and RLYB?
Over the past 3 years, HRTG and RLYB moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -1420.6 %².
RLYB is close to the least connected end of HRTG's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with RLYB ahead by 201.5 points (+53.6% versus +255.1%).
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.
HRTG vs RLYB: side by side
| HRTG (Heritage Insurance Holdings, Inc.) | RLYB (Rallybio Corporation) | |
|---|---|---|
| 1-year return | +53.6% | +255.1% |
| 5-year return | +422.5% | -83.7% |
| Volatility (ann.) | 71.1% | 99.0% |
| Beta vs S&P 500 | 0.71 | 0.78 |
| Max drawdown (3Y) | -43.9% | -95.5% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | 4.9 | 2.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRTG | RLYB |
|---|---|---|
| 2022 | -68.6% | -31.1% |
| 2023 | +262.2% | -63.6% |
| 2024 | +85.6% | -59.8% |
| 2025 | +141.8% | -28.5% |
| 2026 | +16.7% | +205.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRTG and RLYB good diversifiers for each other?
Yes. With a correlation of -0.20, HRTG and RLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HRTG and RLYB?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.15 over the last year and -0.03 over 5 years.
Is RLYB a good diversifier for HRTG?
Yes. With a correlation of -0.20, HRTG and RLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/hrtg-vs-rlyb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrtg-vs-rlyb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRTG correlations · RLYB correlations
