HTH vs PLOW: Correlation
Measured on weekly returns over the past three years, Hilltop Holdings Inc. (HTH) and Douglas Dynamics, Inc. (PLOW) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTH and PLOW?
Over the past 3 years, HTH and PLOW moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 447.1 %².
Among the 14 assets we track against HTH, PLOW ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLOW outperformed by 16.4 percentage points (+11.8% for HTH against +28.2% for PLOW).
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.
HTH vs PLOW: side by side
| HTH (Hilltop Holdings Inc.) | PLOW (Douglas Dynamics, Inc.) | |
|---|---|---|
| 1-year return | +11.8% | +28.2% |
| 5-year return | +29.0% | +30.5% |
| Volatility (ann.) | 24.1% | 32.7% |
| Beta vs S&P 500 | 0.61 | 0.55 |
| Max drawdown (3Y) | -21.8% | -29.6% |
| Market cap | $2.2B | $1.0B |
| P/E (trailing) | 14.3 | 18.9 |
| Dividend yield | 1.97% | 2.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTH | PLOW |
|---|---|---|
| 2022 | -12.9% | -4.0% |
| 2023 | +19.8% | -14.7% |
| 2024 | -16.9% | -16.5% |
| 2025 | +21.3% | +43.8% |
| 2026 | +15.5% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTH and PLOW good diversifiers for each other?
To a limited degree. At 0.57 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 HTH and PLOW?
As of 2026-08-27, the correlation of weekly returns between HTH and PLOW is 0.57 over 3 years, 0.57 over 1 year and 0.51 over 5 years.
Is PLOW a good diversifier for HTH?
To a limited degree. At 0.57 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 0.57 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.
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Related comparisons
Hubs: HTH correlations · PLOW correlations
