GFF vs HNI: Correlation
How closely do Griffon Corporation (GFF) and HNI Corporation (HNI) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFF and HNI?
Across a 3-year window, the weekly returns of GFF and HNI correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 886.1 %².
By 3-year correlation, HNI places #6 of the 26 assets tracked against GFF. On 12-month performance GFF holds a 14.1-point edge, +28.4% against +14.3%.
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.
GFF vs HNI: side by side
| GFF (Griffon Corporation) | HNI (HNI Corporation) | |
|---|---|---|
| 1-year return | +28.4% | +14.3% |
| 5-year return | +396.8% | +55.8% |
| Volatility (ann.) | 38.7% | 34.5% |
| Beta vs S&P 500 | 1.14 | 0.87 |
| Max drawdown (3Y) | -27.9% | -47.1% |
| Market cap | $4.5B | $3.6B |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 0.83% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFF | HNI |
|---|---|---|
| 2022 | +36.9% | -29.9% |
| 2023 | +84.0% | +53.2% |
| 2024 | +18.0% | +23.8% |
| 2025 | +4.4% | -13.9% |
| 2026 | +35.4% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFF and HNI good diversifiers for each other?
Only partially. A correlation of 0.66 means GFF and HNI 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 GFF and HNI?
The GFF/HNI correlation stands at 0.66 on a 3-year window (1 year: 0.66, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is HNI a good diversifier for GFF?
Only partially. A correlation of 0.66 means GFF and HNI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/gff-vs-hni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gff-vs-hni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GFF correlations · HNI correlations
