ADNT vs DHX: Correlation
Measured on weekly returns over the past three years, Adient plc (ADNT) and DHI Group, Inc. (DHX) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADNT and DHX?
Across a 3-year window, the weekly returns of ADNT and DHX correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 1074.2 %².
Within ADNT's tracked universe of 16 assets, DHX comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DHX outperformed by 78.2 percentage points (-26.3% for ADNT against +51.9% for DHX). One caveat on sizing: DHX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ADNT vs DHX: side by side
| ADNT (Adient plc) | DHX (DHI Group, Inc.) | |
|---|---|---|
| 1-year return | -26.3% | +51.9% |
| 5-year return | -53.1% | -1.7% |
| Volatility (ann.) | 43.0% | 67.6% |
| Beta vs S&P 500 | 1.05 | 0.82 |
| Max drawdown (3Y) | -74.4% | -68.6% |
| Market cap | $1.5B | $0.2B |
| P/E (trailing) | 34.2 | 136.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADNT | DHX |
|---|---|---|
| 2022 | -27.5% | -15.2% |
| 2023 | +4.8% | -51.0% |
| 2024 | -52.6% | -31.7% |
| 2025 | +11.3% | -12.4% |
| 2026 | -1.8% | +164.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADNT and DHX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADNT and DHX?
The ADNT/DHX correlation stands at 0.37 on a 3-year window (1 year: 0.41, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is DHX a good diversifier for ADNT?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adnt-vs-dhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adnt-vs-dhx/)
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Related comparisons
Hubs: ADNT correlations · DHX correlations
