APOG vs HNI: Correlation
Apogee Enterprises, Inc. (APOG) and HNI Corporation (HNI) 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 APOG and HNI?
Over the past 3 years, APOG and HNI moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 772.3 %².
Within APOG's tracked universe of 15 assets, HNI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HNI outperformed by 20.0 percentage points (-5.7% for APOG against +14.3% for HNI).
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.
APOG vs HNI: side by side
| APOG (Apogee Enterprises, Inc.) | HNI (HNI Corporation) | |
|---|---|---|
| 1-year return | -5.7% | +14.3% |
| 5-year return | +5.1% | +55.8% |
| Volatility (ann.) | 41.4% | 34.5% |
| Beta vs S&P 500 | 0.88 | 0.87 |
| Max drawdown (3Y) | -62.5% | -47.1% |
| Market cap | $0.8B | $3.6B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 2.59% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APOG | HNI |
|---|---|---|
| 2022 | -5.7% | -29.9% |
| 2023 | +22.8% | +53.2% |
| 2024 | +35.8% | +23.8% |
| 2025 | -47.8% | -13.9% |
| 2026 | +14.0% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and HNI good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between APOG and HNI?
The APOG/HNI correlation stands at 0.54 on a 3-year window (1 year: 0.57, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is HNI a good diversifier for APOG?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/apog-vs-hni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apog-vs-hni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APOG correlations · HNI correlations
