ENR vs HAIN: Correlation
How closely do Energizer Holdings, Inc. (ENR) and The Hain Celestial Group, Inc. (HAIN) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENR and HAIN?
On 3 years of weekly data the ENR/HAIN correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.35). The 5-year figure is 0.34, and annualized covariance runs at 1121.2 %².
By 3-year correlation, HAIN places #7 of the 13 assets tracked against ENR. Their recent paths diverged sharply: over the last 12 months ENR outperformed by 44.4 percentage points (-16.4% for ENR against -60.8% for HAIN). One caveat on sizing: HAIN is 1.9 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.
ENR vs HAIN: side by side
| ENR (Energizer Holdings, Inc.) | HAIN (The Hain Celestial Group, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | -60.8% |
| 5-year return | -30.7% | -98.1% |
| Volatility (ann.) | 41.2% | 78.5% |
| Beta vs S&P 500 | 0.78 | 0.87 |
| Max drawdown (3Y) | -56.1% | -95.9% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENR | HAIN |
|---|---|---|
| 2022 | -13.2% | -62.0% |
| 2023 | -2.2% | -32.3% |
| 2024 | +14.4% | -43.8% |
| 2025 | -40.1% | -82.6% |
| 2026 | +16.3% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and HAIN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENR and HAIN?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.13 over the last year and 0.34 over 5 years.
Is HAIN a good diversifier for ENR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/enr-vs-hain.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enr-vs-hain/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENR correlations · HAIN correlations
