ETD vs HVT: Correlation
How closely do Ethan Allen Interiors Inc. (ETD) and Haverty Furniture Companies, Inc. (HVT) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETD and HVT?
Over the past 3 years, ETD and HVT moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 634.7 %².
HVT is one of the assets that tracks ETD most closely: it ranks #1 out of the 12 assets we track against ETD. Correlation aside, the last 12 months split them widely, with HVT ahead by 41.8 points (-15.3% versus +26.5%).
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.
ETD vs HVT: side by side
| ETD (Ethan Allen Interiors Inc.) | HVT (Haverty Furniture Companies, Inc.) | |
|---|---|---|
| 1-year return | -15.3% | +26.5% |
| 5-year return | +35.4% | +8.2% |
| Volatility (ann.) | 28.2% | 34.8% |
| Beta vs S&P 500 | 0.66 | 1.02 |
| Max drawdown (3Y) | -36.8% | -50.1% |
| Market cap | $0.6B | $0.4B |
| P/E (trailing) | 15.1 | 19.7 |
| Dividend yield | 6.61% | 4.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETD | HVT |
|---|---|---|
| 2022 | +7.5% | +4.8% |
| 2023 | +28.7% | +27.2% |
| 2024 | -6.0% | -34.4% |
| 2025 | -13.2% | +11.2% |
| 2026 | +9.3% | +22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETD and HVT good diversifiers for each other?
Only partially. A correlation of 0.65 means ETD and HVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ETD and HVT?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.58 over the last year and 0.65 over 5 years.
Is HVT a good diversifier for ETD?
Only partially. A correlation of 0.65 means ETD and HVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/etd-vs-hvt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etd-vs-hvt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ETD correlations · HVT correlations
