ENR vs HD: Correlation
How closely do Energizer Holdings, Inc. (ENR) and Home Depot (The) (HD) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENR and HD?
On 3 years of weekly data the ENR/HD correlation comes out at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.47 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 454.8 %².
Few assets follow ENR as closely as HD, which ranks #3 of 13 tracked partners. Twelve-month performance is nearly a tie, at -16.4% for ENR and -17.4% for HD. Note the risk asymmetry: ENR runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HD: side by side
| ENR (Energizer Holdings, Inc.) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -16.4% | -17.4% |
| 5-year return | -30.7% | +13.8% |
| Volatility (ann.) | 41.2% | 23.6% |
| Beta vs S&P 500 | 0.78 | 0.87 |
| Max drawdown (3Y) | -56.1% | -28.8% |
| Market cap | $1.5B | $327.9B |
| P/E (trailing) | 18.4 | 23.4 |
| Dividend yield | 5.46% | 1.38% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ENR | HD |
|---|---|---|
| 2022 | -13.2% | -22.0% |
| 2023 | -2.2% | +12.8% |
| 2024 | +14.4% | +15.0% |
| 2025 | -40.1% | -9.3% |
| 2026 | +16.3% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and HD good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ENR and HD?
As of 2026-08-27, the correlation of weekly returns between ENR and HD is 0.47 over 3 years, 0.66 over 1 year and 0.41 over 5 years.
Is HD a good diversifier for ENR?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/enr-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enr-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENR correlations · HD correlations
