HYMC vs ORKA: Correlation
Hycroft Mining Holding Corporation (HYMC) and Oruka Therapeutics, Inc. (ORKA) 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 HYMC and ORKA?
Over the past 3 years, HYMC and ORKA moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 2573.9 %².
Among the 12 assets we track against HYMC, ORKA ranks #7 by 3-year correlation. On 12-month performance ORKA holds a 13.5-point edge, +522.5% against +536.0%.
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.
HYMC vs ORKA: side by side
| HYMC (Hycroft Mining Holding Corporation) | ORKA (Oruka Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +522.5% | +536.0% |
| 5-year return | +28.5% | +390.4% |
| Volatility (ann.) | 96.6% | 80.7% |
| Beta vs S&P 500 | 0.99 | 0.66 |
| Max drawdown (3Y) | -66.9% | -77.8% |
| Market cap | $2.4B | $6.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYMC | ORKA |
|---|---|---|
| 2022 | -13.4% | +10.2% |
| 2023 | -53.9% | -28.3% |
| 2024 | -9.8% | +76.7% |
| 2025 | +975.6% | +56.3% |
| 2026 | +9.2% | +218.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYMC and ORKA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HYMC and ORKA?
As of 2026-08-27, the correlation of weekly returns between HYMC and ORKA is 0.33 over 3 years, 0.17 over 1 year and 0.10 over 5 years.
Is ORKA a good diversifier for HYMC?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
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
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Related comparisons
Hubs: HYMC correlations · ORKA correlations
