HTZ vs TUSK: Correlation
Measured on weekly returns over the past three years, Hertz Global Holdings, Inc (HTZ) and Mammoth Energy Services, Inc. (TUSK) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTZ and TUSK?
Over the past 3 years, HTZ and TUSK moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 2541.5 %².
Among the 14 assets we track against HTZ, TUSK ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TUSK outperformed by 100.3 percentage points (-65.1% for HTZ against +35.2% for TUSK). Note the risk asymmetry: HTZ runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HTZ vs TUSK: side by side
| HTZ (Hertz Global Holdings, Inc) | TUSK (Mammoth Energy Services, Inc.) | |
|---|---|---|
| 1-year return | -65.1% | +35.2% |
| 5-year return | -87.9% | -7.4% |
| Volatility (ann.) | 102.2% | 61.8% |
| Beta vs S&P 500 | 1.27 | 0.49 |
| Max drawdown (3Y) | -91.2% | -66.3% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTZ | TUSK |
|---|---|---|
| 2022 | -38.4% | +375.3% |
| 2023 | -32.5% | -48.4% |
| 2024 | -64.8% | -32.7% |
| 2025 | +40.4% | -38.3% |
| 2026 | -60.3% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTZ and TUSK good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HTZ and TUSK?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.31 over the last year and 0.34 over 5 years.
Is TUSK a good diversifier for HTZ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
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Related comparisons
Hubs: HTZ correlations · TUSK correlations
