FBIN vs HAYW: Correlation
Fortune Brands Innovations, Inc. (FBIN) and Hayward Holdings, Inc. (HAYW) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and HAYW?
Across a 3-year window, the weekly returns of FBIN and HAYW correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 720.3 %².
Among the 20 assets we track against FBIN, HAYW ranks #8 by 3-year correlation. On 12-month performance HAYW holds a 9.7-point edge, -22.1% against -12.4%.
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.
FBIN vs HAYW: side by side
| FBIN (Fortune Brands Innovations, Inc.) | HAYW (Hayward Holdings, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -12.4% |
| 5-year return | -42.9% | -33.8% |
| Volatility (ann.) | 38.8% | 31.5% |
| Beta vs S&P 500 | 1.29 | 0.91 |
| Max drawdown (3Y) | -61.9% | -31.8% |
| Market cap | $5.4B | $3.0B |
| P/E (trailing) | 37.4 | 20.1 |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIN | HAYW |
|---|---|---|
| 2022 | -36.5% | -64.2% |
| 2023 | +35.2% | +44.7% |
| 2024 | -9.1% | +12.4% |
| 2025 | -25.4% | +1.0% |
| 2026 | -7.8% | -7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and HAYW good diversifiers for each other?
Only partially. A correlation of 0.59 means FBIN and HAYW 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 FBIN and HAYW?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.60 over the last year and 0.61 over 5 years.
Is HAYW a good diversifier for FBIN?
Only partially. A correlation of 0.59 means FBIN and HAYW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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/fbin-vs-hayw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbin-vs-hayw/)
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Related comparisons
Hubs: FBIN correlations · HAYW correlations
