HZO vs VREX: Correlation
MarineMax, Inc. (FL) (HZO) and Varex Imaging Corporation (VREX) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HZO and VREX?
On 3 years of weekly data the HZO/VREX correlation comes out at 0.54, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.54). The 5-year figure is 0.47, and annualized covariance runs at 1819.5 %².
By 3-year correlation, VREX places #7 of the 16 assets tracked against HZO. Correlation aside, the last 12 months split them widely, with HZO ahead by 25.3 points (+86.8% versus +61.5%).
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.
HZO vs VREX: side by side
| HZO (MarineMax, Inc. (FL)) | VREX (Varex Imaging Corporation) | |
|---|---|---|
| 1-year return | +86.8% | +61.5% |
| 5-year return | +5.1% | -36.0% |
| Volatility (ann.) | 57.2% | 58.7% |
| Beta vs S&P 500 | 1.70 | 1.91 |
| Max drawdown (3Y) | -55.0% | -67.8% |
| Market cap | $1.2B | $0.8B |
| P/E (trailing) | 326.2 | 34.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HZO | VREX |
|---|---|---|
| 2022 | -47.1% | -35.7% |
| 2023 | +24.6% | +1.0% |
| 2024 | -25.6% | -28.8% |
| 2025 | -16.3% | -20.2% |
| 2026 | +115.4% | +58.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HZO and VREX good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HZO and VREX?
As of 2026-08-27, the correlation of weekly returns between HZO and VREX is 0.54 over 3 years, 0.67 over 1 year and 0.47 over 5 years.
Is VREX a good diversifier for HZO?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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
$ curl https://www.pairbook.io/api/v1/pairs/hzo-vs-vrex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hzo-vs-vrex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HZO correlations · VREX correlations
