DNUT vs HAIN: Correlation
Measured on weekly returns over the past three years, Krispy Kreme, Inc. (DNUT) and The Hain Celestial Group, Inc. (HAIN) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNUT and HAIN?
Across a 3-year window, the weekly returns of DNUT and HAIN correlate at 0.38, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.38). Stretching to 5 years gives 0.36, with an annualized covariance of 1943.2 %².
Within DNUT's tracked universe of 13 assets, HAIN comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DNUT outperformed by 55.8 percentage points (-5.0% for DNUT against -60.8% for HAIN).
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.
DNUT vs HAIN: side by side
| DNUT (Krispy Kreme, Inc.) | HAIN (The Hain Celestial Group, Inc.) | |
|---|---|---|
| 1-year return | -5.0% | -60.8% |
| 5-year return | -78.8% | -98.1% |
| Volatility (ann.) | 64.8% | 78.5% |
| Beta vs S&P 500 | 1.27 | 0.87 |
| Max drawdown (3Y) | -84.9% | -95.9% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNUT | HAIN |
|---|---|---|
| 2022 | -44.9% | -62.0% |
| 2023 | +47.7% | -32.3% |
| 2024 | -33.4% | -43.8% |
| 2025 | -59.0% | -82.6% |
| 2026 | -14.9% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNUT and HAIN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DNUT and HAIN?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.13 over the last year and 0.36 over 5 years.
Is HAIN a good diversifier for DNUT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/dnut-vs-hain.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dnut-vs-hain/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNUT correlations · HAIN correlations
