FLXS vs HRI: Correlation
Measured on weekly returns over the past three years, Flexsteel Industries, Inc. (FLXS) and Herc Holdings Inc. (HRI) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLXS and HRI?
Across a 3-year window, the weekly returns of FLXS and HRI correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 1449.8 %².
In FLXS's tracked universe of 13 assets, HRI sits right near the top at #2. The last year tells two different stories: FLXS led by 64.1 percentage points, +83.0% for FLXS against +18.9% for HRI.
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.
FLXS vs HRI: side by side
| FLXS (Flexsteel Industries, Inc.) | HRI (Herc Holdings Inc.) | |
|---|---|---|
| 1-year return | +83.0% | +18.9% |
| 5-year return | +162.8% | +27.3% |
| Volatility (ann.) | 58.9% | 54.2% |
| Beta vs S&P 500 | 0.68 | 1.68 |
| Max drawdown (3Y) | -54.1% | -60.9% |
| Market cap | $0.3B | $5.2B |
| P/E (trailing) | 13.4 | 92.0 |
| Dividend yield | 1.04% | 1.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLXS | HRI |
|---|---|---|
| 2022 | -40.7% | -14.4% |
| 2023 | +26.1% | +15.5% |
| 2024 | +192.9% | +29.4% |
| 2025 | -25.9% | -20.1% |
| 2026 | +109.7% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLXS and HRI good diversifiers for each other?
Reasonably. At 0.45, FLXS and HRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLXS and HRI?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.49 over the last year and 0.34 over 5 years.
Is HRI a good diversifier for FLXS?
Reasonably. At 0.45, FLXS and HRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/flxs-vs-hri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flxs-vs-hri/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLXS correlations · HRI correlations
