CODI vs HAIN: Correlation
How closely do D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and The Hain Celestial Group, Inc. (HAIN) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and HAIN?
On 3 years of weekly data the CODI/HAIN correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.37 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 1817.7 %².
Within CODI's tracked universe of 17 assets, HAIN comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CODI ahead by 110.2 points (+49.4% versus -60.8%).
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.
CODI vs HAIN: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | HAIN (The Hain Celestial Group, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | -60.8% |
| 5-year return | -53.0% | -98.1% |
| Volatility (ann.) | 63.2% | 78.5% |
| Beta vs S&P 500 | 1.45 | 0.87 |
| Max drawdown (3Y) | -80.3% | -95.9% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | HAIN |
|---|---|---|
| 2022 | -37.7% | -62.0% |
| 2023 | +29.4% | -32.3% |
| 2024 | +7.5% | -43.8% |
| 2025 | -78.6% | -82.6% |
| 2026 | +134.4% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and HAIN good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CODI and HAIN?
The CODI/HAIN correlation stands at 0.37 on a 3-year window (1 year: 0.20, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is HAIN a good diversifier for CODI?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/codi-vs-hain.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/codi-vs-hain/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CODI correlations · HAIN correlations
