HYFM vs MKZR: Correlation
How closely do Hydrofarm Holdings Group, Inc. (HYFM) and MacKenzie Realty Capital, Inc. (MKZR) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYFM and MKZR?
On 3 years of weekly data the HYFM/MKZR correlation comes out at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.45). The 5-year figure is n/a, and annualized covariance runs at 6978.7 %².
Within HYFM's tracked universe of 19 assets, MKZR comes in at #9 by 3-year correlation. Their 12-month results are close: -80.5% for HYFM against -75.7% for MKZR. Risk is not evenly split, since HYFM carries 1.6 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.
HYFM vs MKZR: side by side
| HYFM (Hydrofarm Holdings Group, Inc.) | MKZR (MacKenzie Realty Capital, Inc.) | |
|---|---|---|
| 1-year return | -80.5% | -75.7% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 148.0% | 91.6% |
| Beta vs S&P 500 | 2.71 | 0.74 |
| Max drawdown (3Y) | -96.6% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYFM | MKZR |
|---|---|---|
| 2022 | -94.5% | – |
| 2023 | -40.8% | – |
| 2024 | -36.8% | – |
| 2025 | -74.0% | -86.7% |
| 2026 | -41.1% | -63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYFM and MKZR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HYFM and MKZR?
The HYFM/MKZR correlation stands at 0.45 on a 3-year window (1 year: 0.77, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MKZR a good diversifier for HYFM?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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: HYFM correlations · MKZR correlations
