CBT vs HWKN: Correlation
How closely do Cabot Corporation (CBT) and Hawkins, Inc. (HWKN) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBT and HWKN?
Over the past 3 years, CBT and HWKN moved with a correlation of 0.47, which is moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.47). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 516.2 %².
Among the 15 assets we track against CBT, HWKN ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CBT outperformed by 37.2 percentage points (+5.7% for CBT against -31.5% for HWKN).
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.
CBT vs HWKN: side by side
| CBT (Cabot Corporation) | HWKN (Hawkins, Inc.) | |
|---|---|---|
| 1-year return | +5.7% | -31.5% |
| 5-year return | +73.1% | +226.8% |
| Volatility (ann.) | 28.5% | 38.4% |
| Beta vs S&P 500 | 0.84 | 0.65 |
| Max drawdown (3Y) | -48.8% | -35.9% |
| Market cap | $4.4B | $2.5B |
| P/E (trailing) | 23.7 | 30.8 |
| Dividend yield | 2.16% | 0.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBT | HWKN |
|---|---|---|
| 2022 | +21.4% | -0.8% |
| 2023 | +27.6% | +84.7% |
| 2024 | +11.3% | +75.5% |
| 2025 | -25.7% | +16.5% |
| 2026 | +29.1% | -16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBT and HWKN good diversifiers for each other?
Reasonably. At 0.47, CBT and HWKN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBT and HWKN?
As of 2026-08-27, the correlation of weekly returns between CBT and HWKN is 0.47 over 3 years, 0.62 over 1 year and 0.49 over 5 years.
Is HWKN a good diversifier for CBT?
Reasonably. At 0.47, CBT and HWKN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/cbt-vs-hwkn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbt-vs-hwkn/)
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Related comparisons
Hubs: CBT correlations · HWKN correlations
