HRZN vs PRSO: Correlation
Measured on weekly returns over the past three years, Horizon Technology Finance Corporation (HRZN) and Peraso Inc. (PRSO) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRZN and PRSO?
Across a 3-year window, the weekly returns of HRZN and PRSO correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.57) runs below the 3-year figure (-0.27). Stretching to 5 years gives -0.09, with an annualized covariance of -1155.0 %².
Within HRZN's tracked universe of 16 assets, PRSO comes in at #9 by 3-year correlation. Over the last 12 months HRZN came out ahead by 9.8 percentage points (-14.6% against -24.4%). Risk is not evenly split, since PRSO carries 4.0 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.
HRZN vs PRSO: side by side
| HRZN (Horizon Technology Finance Corporation) | PRSO (Peraso Inc.) | |
|---|---|---|
| 1-year return | -14.6% | -24.4% |
| 5-year return | -44.7% | -99.7% |
| Volatility (ann.) | 32.9% | 130.5% |
| Beta vs S&P 500 | 0.55 | 0.93 |
| Max drawdown (3Y) | -59.4% | -95.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 23.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRZN | PRSO |
|---|---|---|
| 2022 | -19.7% | -82.6% |
| 2023 | +27.0% | -61.6% |
| 2024 | -22.9% | -89.6% |
| 2025 | -14.4% | -25.0% |
| 2026 | -14.7% | -25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRZN and PRSO good diversifiers for each other?
Yes. With a correlation of -0.27, HRZN and PRSO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HRZN and PRSO?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.57 over the last year and -0.09 over 5 years.
Is PRSO a good diversifier for HRZN?
Yes. With a correlation of -0.27, HRZN and PRSO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/hrzn-vs-prso.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hrzn-vs-prso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRZN correlations · PRSO correlations
