CENT vs HNI: Correlation
How closely do Central Garden & Pet Company (CENT) and HNI Corporation (HNI) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENT and HNI?
Over the past 3 years, CENT and HNI moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 503.4 %².
Within CENT's tracked universe of 12 assets, HNI comes in at #5 by 3-year correlation. The trailing year gives CENT the advantage: +20.8% versus +14.3%, a 6.5-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.
CENT vs HNI: side by side
| CENT (Central Garden & Pet Company) | HNI (HNI Corporation) | |
|---|---|---|
| 1-year return | +20.8% | +14.3% |
| 5-year return | +19.0% | +55.8% |
| Volatility (ann.) | 29.9% | 34.5% |
| Beta vs S&P 500 | 0.42 | 0.87 |
| Max drawdown (3Y) | -38.8% | -47.1% |
| Market cap | $2.7B | $3.6B |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 0.00% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENT | HNI |
|---|---|---|
| 2022 | -28.8% | -29.9% |
| 2023 | +33.8% | +53.2% |
| 2024 | -1.1% | +23.8% |
| 2025 | -17.1% | -13.9% |
| 2026 | +35.9% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENT and HNI good diversifiers for each other?
Reasonably. At 0.49, CENT and HNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CENT and HNI?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.53 over the last year and 0.47 over 5 years.
Is HNI a good diversifier for CENT?
Reasonably. At 0.49, CENT and HNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/cent-vs-hni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cent-vs-hni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CENT correlations · HNI correlations
