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HGBL correlations (Heritage Global Inc.)

Which assets move with HGBL and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)
34.6%
3y weekly
Beta vs S&P 500
0.08
3y weekly
1-year return
-33.7%
price, adjusted
5-year return
-41.3%
price, adjusted
Max drawdown
-70.7%
3y, daily closes
-44%0%2025-09-052026-08-27
HGBL over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with HGBL

AssetCorrelation (3Y)
ADTNADTRAN Holdings, Inc.0.36
BTMDBiote Corp.0.32
TREXTrex Company, Inc.0.30
HDSNHudson Technologies, Inc.0.29
KMPRKemper Corporation0.29

Best diversifiers for HGBL

If the goal is offsetting HGBL, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
KBSXFST Corp.-0.26
GJTSynthetic Fixed-Income Securities, Inc. Floating Rate-0.24
LUMNLumen Technologies, Inc.-0.21

HGBL vs benchmarks

HGBL vs SPY 0.03 HGBL vs QQQ -0.01

Get HGBL data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/hgbl.json

Correlations, diversifiers, beta and volatility for HGBL, plus one endpoint per pair. API documentation.