HYFM vs USNA: Correlation
Measured on weekly returns over the past three years, Hydrofarm Holdings Group, Inc. (HYFM) and USANA Health Sciences, Inc. (USNA) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYFM and USNA?
On 3 years of weekly data the HYFM/USNA correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.31). The 5-year figure is -0.21, and annualized covariance runs at -1936.8 %².
USNA is close to the least connected end of HYFM's tracked universe, ranking #19 of 19. The last year tells two different stories: USNA led by 24.4 percentage points, -80.5% for HYFM against -56.1% for USNA. One caveat on sizing: HYFM is 3.5 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.
HYFM vs USNA: side by side
| HYFM (Hydrofarm Holdings Group, Inc.) | USNA (USANA Health Sciences, Inc.) | |
|---|---|---|
| 1-year return | -80.5% | -56.1% |
| 5-year return | -99.8% | -85.5% |
| Volatility (ann.) | 148.0% | 42.6% |
| Beta vs S&P 500 | 2.71 | 0.90 |
| Max drawdown (3Y) | -96.6% | -80.1% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYFM | USNA |
|---|---|---|
| 2022 | -94.5% | -47.4% |
| 2023 | -40.8% | +0.8% |
| 2024 | -36.8% | -33.0% |
| 2025 | -74.0% | -45.3% |
| 2026 | -41.1% | -28.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYFM and USNA good diversifiers for each other?
Yes. With a correlation of -0.31, HYFM and USNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HYFM and USNA?
The HYFM/USNA correlation stands at -0.31 on a 3-year window (1 year: -0.51, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is USNA a good diversifier for HYFM?
Yes. With a correlation of -0.31, HYFM and USNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: HYFM correlations · USNA correlations
