HYFM vs WWR: Correlation
Hydrofarm Holdings Group, Inc. (HYFM) and Westwater Resources, Inc. (WWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYFM and WWR?
Across a 3-year window, the weekly returns of HYFM and WWR correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.47, with an annualized covariance of 7670.8 %².
Within HYFM's tracked universe of 19 assets, WWR comes in at #6 by 3-year correlation. The last year tells two different stories: WWR led by 60.8 percentage points, -80.5% for HYFM against -19.7% for WWR.
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 WWR: side by side
| HYFM (Hydrofarm Holdings Group, Inc.) | WWR (Westwater Resources, Inc.) | |
|---|---|---|
| 1-year return | -80.5% | -19.7% |
| 5-year return | -99.8% | -84.4% |
| Volatility (ann.) | 148.0% | 104.7% |
| Beta vs S&P 500 | 2.71 | 0.77 |
| Max drawdown (3Y) | -96.6% | -88.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYFM | WWR |
|---|---|---|
| 2022 | -94.5% | -63.3% |
| 2023 | -40.8% | -29.1% |
| 2024 | -36.8% | +26.8% |
| 2025 | -74.0% | +5.6% |
| 2026 | -41.1% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYFM and WWR good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HYFM and WWR?
As of 2026-08-27, the correlation of weekly returns between HYFM and WWR is 0.49 over 3 years, 0.69 over 1 year and 0.47 over 5 years.
Is WWR a good diversifier for HYFM?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/hyfm-vs-wwr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hyfm-vs-wwr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HYFM correlations · WWR correlations
