ENR vs HLMN: Correlation
Energizer Holdings, Inc. (ENR) and Hillman Solutions Corp. (HLMN) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENR and HLMN?
Over the past 3 years, ENR and HLMN moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 703.6 %².
By 3-year correlation, HLMN places #5 of the 13 assets tracked against ENR. Their 12-month results are close: -16.4% for ENR against -21.3% for HLMN.
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 HLMN: side by side
| ENR (Energizer Holdings, Inc.) | HLMN (Hillman Solutions Corp.) | |
|---|---|---|
| 1-year return | -16.4% | -21.3% |
| 5-year return | -30.7% | -33.4% |
| Volatility (ann.) | 41.2% | 36.7% |
| Beta vs S&P 500 | 0.78 | 1.01 |
| Max drawdown (3Y) | -56.1% | -42.3% |
| Market cap | $1.5B | $1.5B |
| P/E (trailing) | 18.4 | 39.2 |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENR | HLMN |
|---|---|---|
| 2022 | -13.2% | -32.9% |
| 2023 | -2.2% | +27.7% |
| 2024 | +14.4% | +5.8% |
| 2025 | -40.1% | -11.1% |
| 2026 | +16.3% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and HLMN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENR and HLMN?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.44 over the last year and 0.39 over 5 years.
Is HLMN a good diversifier for ENR?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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-hlmn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/enr-vs-hlmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENR correlations · HLMN correlations
