BALL vs HNI: Correlation
How closely do Ball Corporation (BALL) and HNI Corporation (HNI) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and HNI?
Across a 3-year window, the weekly returns of BALL and HNI correlate at 0.55, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.55 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 505.1 %².
Among the 41 assets we track against BALL, HNI ranks #6 by 3-year correlation. On 12-month performance BALL holds a 8.6-point edge, +22.9% against +14.3%.
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.
BALL vs HNI: side by side
| BALL (Ball Corporation) | HNI (HNI Corporation) | |
|---|---|---|
| 1-year return | +22.9% | +14.3% |
| 5-year return | -29.3% | +55.8% |
| Volatility (ann.) | 26.9% | 34.5% |
| Beta vs S&P 500 | 0.43 | 0.87 |
| Max drawdown (3Y) | -35.6% | -47.1% |
| Market cap | $16.8B | $3.6B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.25% | 2.74% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | BALL | HNI |
|---|---|---|
| 2022 | -46.2% | -29.9% |
| 2023 | +14.1% | +53.2% |
| 2024 | -3.0% | +23.8% |
| 2025 | -2.4% | -13.9% |
| 2026 | +20.4% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and HNI good diversifiers for each other?
Only partially. A correlation of 0.55 means BALL and HNI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BALL and HNI?
The BALL/HNI correlation stands at 0.55 on a 3-year window (1 year: 0.66, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is HNI a good diversifier for BALL?
Only partially. A correlation of 0.55 means BALL and HNI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/ball-vs-hni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ball-vs-hni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BALL correlations · HNI correlations
