HTCO vs NTAP: Correlation
Measured on weekly returns over the past three years, High-Trend International Group - Class A (HTCO) and NetApp (NTAP) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCO and NTAP?
On 3 years of weekly data the HTCO/NTAP correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.16 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -888.2 %².
Among the 15 assets we track against HTCO, NTAP ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NTAP ahead by 150.8 points (-77.8% versus +73.0%). One caveat on sizing: HTCO is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HTCO vs NTAP: side by side
| HTCO (High-Trend International Group - Class A) | NTAP (NetApp) | |
|---|---|---|
| 1-year return | -77.8% | +73.0% |
| 5-year return | -98.9% | +141.7% |
| Volatility (ann.) | 143.5% | 37.6% |
| Beta vs S&P 500 | -0.60 | 1.38 |
| Max drawdown (3Y) | -97.5% | -42.6% |
| Market cap | – | $37.4B |
| P/E (trailing) | – | 30.5 |
| Dividend yield | 0.00% | 1.07% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | HTCO | NTAP |
|---|---|---|
| 2022 | -87.1% | -32.9% |
| 2023 | -63.0% | +51.1% |
| 2024 | +608.5% | +34.2% |
| 2025 | -89.9% | -5.9% |
| 2026 | -69.1% | +80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCO and NTAP good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HTCO and NTAP?
The HTCO/NTAP correlation stands at -0.16 on a 3-year window (1 year: -0.35, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is NTAP a good diversifier for HTCO?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/htco-vs-ntap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htco-vs-ntap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTCO correlations · NTAP correlations
