HYLN vs MAMA: Correlation
Hyliion Holdings Corp. (HYLN) and Mama's Creations, Inc. (MAMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYLN and MAMA?
Across a 3-year window, the weekly returns of HYLN and MAMA correlate at 0.33, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.33). Stretching to 5 years gives 0.28, with an annualized covariance of 1733.0 %².
Within HYLN's tracked universe of 14 assets, MAMA comes in at #9 by 3-year correlation. On 12-month performance HYLN holds a 14.4-point edge, +101.8% against +87.4%. Note the risk asymmetry: HYLN runs 2.2 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.
HYLN vs MAMA: side by side
| HYLN (Hyliion Holdings Corp.) | MAMA (Mama's Creations, Inc.) | |
|---|---|---|
| 1-year return | +101.8% | +87.4% |
| 5-year return | -60.9% | +535.7% |
| Volatility (ann.) | 108.2% | 49.3% |
| Beta vs S&P 500 | 2.37 | 0.49 |
| Max drawdown (3Y) | -70.3% | -42.5% |
| Market cap | $0.6B | $0.7B |
| P/E (trailing) | – | 106.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYLN | MAMA |
|---|---|---|
| 2022 | -62.3% | -10.7% |
| 2023 | -65.2% | +173.5% |
| 2024 | +220.6% | +62.1% |
| 2025 | -29.5% | +69.5% |
| 2026 | +85.3% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYLN and MAMA good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HYLN and MAMA?
The HYLN/MAMA correlation stands at 0.33 on a 3-year window (1 year: 0.18, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is MAMA a good diversifier for HYLN?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/hyln-vs-mama.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hyln-vs-mama/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HYLN correlations · MAMA correlations
