HYLN vs VPG: Correlation
How closely do Hyliion Holdings Corp. (HYLN) and Vishay Precision Group, Inc. (VPG) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYLN and VPG?
Over the past 3 years, HYLN and VPG moved with a correlation of 0.49, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.49 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 2918.7 %².
VPG is one of the assets that tracks HYLN most closely: it ranks #3 out of the 14 assets we track against HYLN. Correlation aside, the last 12 months split them widely, with VPG ahead by 24.4 points (+101.8% versus +126.2%). Risk is not evenly split, since HYLN carries 2.0 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.
HYLN vs VPG: side by side
| HYLN (Hyliion Holdings Corp.) | VPG (Vishay Precision Group, Inc.) | |
|---|---|---|
| 1-year return | +101.8% | +126.2% |
| 5-year return | -60.9% | +76.6% |
| Volatility (ann.) | 108.2% | 54.8% |
| Beta vs S&P 500 | 2.37 | 1.32 |
| Max drawdown (3Y) | -70.3% | -58.5% |
| Market cap | $0.6B | $0.9B |
| P/E (trailing) | – | 213.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYLN | VPG |
|---|---|---|
| 2022 | -62.3% | +4.1% |
| 2023 | -65.2% | -11.8% |
| 2024 | +220.6% | -31.1% |
| 2025 | -29.5% | +64.0% |
| 2026 | +85.3% | +72.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYLN and VPG good diversifiers for each other?
Reasonably. At 0.49, HYLN and VPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HYLN and VPG?
The HYLN/VPG correlation stands at 0.49 on a 3-year window (1 year: 0.62, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is VPG a good diversifier for HYLN?
Reasonably. At 0.49, HYLN and VPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HYLN correlations · VPG correlations
