DTM vs HAIN: Correlation
Measured on weekly returns over the past three years, DT Midstream, Inc. (DTM) and The Hain Celestial Group, Inc. (HAIN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTM and HAIN?
Over the past 3 years, DTM and HAIN moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.22). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -415.2 %².
Out of 17 assets tracked against DTM, HAIN lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months DTM outperformed by 93.7 percentage points (+32.9% for DTM against -60.8% for HAIN). One caveat on sizing: HAIN is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DTM vs HAIN: side by side
| DTM (DT Midstream, Inc.) | HAIN (The Hain Celestial Group, Inc.) | |
|---|---|---|
| 1-year return | +32.9% | -60.8% |
| 5-year return | +248.3% | -98.1% |
| Volatility (ann.) | 23.9% | 78.5% |
| Beta vs S&P 500 | 0.42 | 0.87 |
| Max drawdown (3Y) | -23.6% | -95.9% |
| Market cap | $13.4B | $0.1B |
| P/E (trailing) | 29.1 | – |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTM | HAIN |
|---|---|---|
| 2022 | +20.7% | -62.0% |
| 2023 | +4.7% | -32.3% |
| 2024 | +88.9% | -43.8% |
| 2025 | +24.1% | -82.6% |
| 2026 | +11.4% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and HAIN good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between DTM and HAIN?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.35 over the last year and -0.11 over 5 years.
Is HAIN a good diversifier for DTM?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/dtm-vs-hain.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dtm-vs-hain/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTM correlations · HAIN correlations
