HUDI vs HZO: Correlation
Huadi International Group Co., Ltd. (HUDI) and MarineMax, Inc. (FL) (HZO) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUDI and HZO?
Across a 3-year window, the weekly returns of HUDI and HZO correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.35 over 3 years. Stretching to 5 years gives 0.03, with an annualized covariance of 1109.1 %².
By 3-year correlation, HZO places #4 of the 10 assets tracked against HUDI. Their recent paths diverged sharply: over the last 12 months HZO outperformed by 125.8 percentage points (-39.0% for HUDI against +86.8% for HZO).
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.
HUDI vs HZO: side by side
| HUDI (Huadi International Group Co., Ltd.) | HZO (MarineMax, Inc. (FL)) | |
|---|---|---|
| 1-year return | -39.0% | +86.8% |
| 5-year return | -78.4% | +5.1% |
| Volatility (ann.) | 56.1% | 57.2% |
| Beta vs S&P 500 | 0.78 | 1.70 |
| Max drawdown (3Y) | -83.4% | -55.0% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 326.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUDI | HZO |
|---|---|---|
| 2022 | -84.1% | -47.1% |
| 2023 | -40.2% | +24.6% |
| 2024 | -42.9% | -25.6% |
| 2025 | -35.4% | -16.3% |
| 2026 | -24.8% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUDI and HZO good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HUDI and HZO?
The HUDI/HZO correlation stands at 0.35 on a 3-year window (1 year: 0.46, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is HZO a good diversifier for HUDI?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/hudi-vs-hzo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hudi-vs-hzo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUDI correlations · HZO correlations
