FUL vs HWKN: Correlation
How closely do H. B. Fuller Company (FUL) and Hawkins, Inc. (HWKN) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUL and HWKN?
Over the past 3 years, FUL and HWKN moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 551.4 %².
Within FUL's tracked universe of 16 assets, HWKN comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FUL outperformed by 25.4 percentage points (-6.1% for FUL against -31.5% for HWKN).
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.
FUL vs HWKN: side by side
| FUL (H. B. Fuller Company) | HWKN (Hawkins, Inc.) | |
|---|---|---|
| 1-year return | -6.1% | -31.5% |
| 5-year return | -10.4% | +226.8% |
| Volatility (ann.) | 31.0% | 38.4% |
| Beta vs S&P 500 | 0.93 | 0.65 |
| Max drawdown (3Y) | -43.5% | -35.9% |
| Market cap | $3.1B | $2.5B |
| P/E (trailing) | 17.2 | 30.8 |
| Dividend yield | 1.64% | 0.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUL | HWKN |
|---|---|---|
| 2022 | -10.6% | -0.8% |
| 2023 | +15.0% | +84.7% |
| 2024 | -16.2% | +75.5% |
| 2025 | -10.5% | +16.5% |
| 2026 | -3.0% | -16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUL and HWKN good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FUL and HWKN?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.54 over the last year and 0.42 over 5 years.
Is HWKN a good diversifier for FUL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/ful-vs-hwkn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ful-vs-hwkn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUL correlations · HWKN correlations
