BBWI vs HD: Correlation
Bath & Body Works, Inc. (BBWI) and Home Depot (The) (HD) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBWI and HD?
On 3 years of weekly data the BBWI/HD correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.50 over 3. The 5-year figure is 0.45, and annualized covariance runs at 596.8 %².
Within BBWI's tracked universe of 14 assets, HD comes in at #5 by 3-year correlation. The last year tells two different stories: HD led by 20.9 percentage points, -38.3% for BBWI against -17.4% for HD. Risk is not evenly split, since BBWI carries 2.1 times the volatility of the other side.
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.
BBWI vs HD: side by side
| BBWI (Bath & Body Works, Inc.) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -38.3% | -17.4% |
| 5-year return | -69.3% | +13.8% |
| Volatility (ann.) | 50.5% | 23.6% |
| Beta vs S&P 500 | 1.37 | 0.87 |
| Max drawdown (3Y) | -70.0% | -28.8% |
| Market cap | $3.8B | $327.9B |
| P/E (trailing) | 5.0 | 23.4 |
| Dividend yield | 2.12% | 1.38% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BBWI | HD |
|---|---|---|
| 2022 | -38.4% | -22.0% |
| 2023 | +4.7% | +12.8% |
| 2024 | -8.3% | +15.0% |
| 2025 | -46.5% | -9.3% |
| 2026 | -4.3% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBWI and HD good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BBWI and HD?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.58 over the last year and 0.45 over 5 years.
Is HD a good diversifier for BBWI?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/bbwi-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbwi-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBWI correlations · HD correlations
