GFF vs HNST: Correlation
How closely do Griffon Corporation (GFF) and The Honest Company, Inc. (HNST) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFF and HNST?
Over the past 3 years, GFF and HNST moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1497.3 %².
Among the 26 assets we track against GFF, HNST ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HNST ahead by 16.3 points (+28.4% versus +44.7%). One caveat on sizing: HNST is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HNST: side by side
| GFF (Griffon Corporation) | HNST (The Honest Company, Inc.) | |
|---|---|---|
| 1-year return | +28.4% | +44.7% |
| 5-year return | +396.8% | -42.6% |
| Volatility (ann.) | 38.7% | 79.5% |
| Beta vs S&P 500 | 1.14 | 1.81 |
| Max drawdown (3Y) | -27.9% | -75.5% |
| Market cap | $4.5B | $0.6B |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 0.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFF | HNST |
|---|---|---|
| 2022 | +36.9% | -62.8% |
| 2023 | +84.0% | +9.6% |
| 2024 | +18.0% | +110.0% |
| 2025 | +4.4% | -62.8% |
| 2026 | +35.4% | +123.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFF and HNST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GFF and HNST?
As of 2026-08-27, the correlation of weekly returns between GFF and HNST is 0.49 over 3 years, 0.49 over 1 year and 0.42 over 5 years.
Is HNST a good diversifier for GFF?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: GFF correlations · HNST correlations
