HSDT vs MLCI: Correlation
Measured on weekly returns over the past three years, Solana Company (HSDT) and Mount Logan Capital Inc. (MLCI) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSDT and MLCI?
Over the past 3 years, HSDT and MLCI moved with a correlation of 0.54, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.54 over 3 years. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 5218.2 %².
MLCI is one of the assets that tracks HSDT most closely: it ranks #2 out of the 17 assets we track against HSDT. The last year tells two different stories: MLCI led by 30.5 percentage points, -60.7% for HSDT against -30.2% for MLCI. Risk is not evenly split, since HSDT carries 3.2 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.
HSDT vs MLCI: side by side
| HSDT (Solana Company) | MLCI (Mount Logan Capital Inc.) | |
|---|---|---|
| 1-year return | -60.7% | -30.2% |
| 5-year return | -100.0% | -55.0% |
| Volatility (ann.) | 177.7% | 54.8% |
| Beta vs S&P 500 | 0.34 | 0.45 |
| Max drawdown (3Y) | -100.0% | -68.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 4.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HSDT | MLCI |
|---|---|---|
| 2022 | -94.1% | -28.2% |
| 2023 | -47.6% | -22.3% |
| 2024 | -91.7% | -10.5% |
| 2025 | -99.4% | +125.7% |
| 2026 | -15.9% | -60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSDT and MLCI good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HSDT and MLCI?
The HSDT/MLCI correlation stands at 0.54 on a 3-year window (1 year: 0.70, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is MLCI a good diversifier for HSDT?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hsdt-vs-mlci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hsdt-vs-mlci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HSDT correlations · MLCI correlations
