BRC vs HNI: Correlation
Measured on weekly returns over the past three years, Brady Corporation (BRC) and HNI Corporation (HNI) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRC and HNI?
On 3 years of weekly data the BRC/HNI correlation comes out at 0.45, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.45 over 3. The 5-year figure is 0.48, and annualized covariance runs at 411.7 %².
By 3-year correlation, HNI places #5 of the 14 assets tracked against BRC. The trailing year gives BRC the advantage: +22.1% versus +14.3%, a 7.8-point spread.
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.
BRC vs HNI: side by side
| BRC (Brady Corporation) | HNI (HNI Corporation) | |
|---|---|---|
| 1-year return | +22.1% | +14.3% |
| 5-year return | +91.6% | +55.8% |
| Volatility (ann.) | 26.5% | 34.5% |
| Beta vs S&P 500 | 0.43 | 0.87 |
| Max drawdown (3Y) | -26.1% | -47.1% |
| Market cap | – | $3.6B |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 1.04% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRC | HNI |
|---|---|---|
| 2022 | -10.9% | -29.9% |
| 2023 | +26.9% | +53.2% |
| 2024 | +27.7% | +23.8% |
| 2025 | +7.6% | -13.9% |
| 2026 | +20.3% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRC and HNI good diversifiers for each other?
Reasonably. At 0.45, BRC and HNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRC and HNI?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.48 over the last year and 0.48 over 5 years.
Is HNI a good diversifier for BRC?
Reasonably. At 0.45, BRC and HNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/brc-vs-hni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brc-vs-hni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRC correlations · HNI correlations
