HAS vs HAYW: Correlation
How closely do Hasbro (HAS) and Hayward Holdings, Inc. (HAYW) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and HAYW?
Across a 3-year window, the weekly returns of HAS and HAYW correlate at 0.48, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.48). Stretching to 5 years gives 0.49, with an annualized covariance of 480.7 %².
By 3-year correlation, HAYW places #14 of the 36 assets tracked against HAS. Correlation aside, the last 12 months split them widely, with HAS ahead by 31.6 points (+19.2% versus -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.
HAS vs HAYW: side by side
| HAS (Hasbro) | HAYW (Hayward Holdings, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -12.4% |
| 5-year return | +17.1% | -33.8% |
| Volatility (ann.) | 31.7% | 31.5% |
| Beta vs S&P 500 | 0.86 | 0.91 |
| Max drawdown (3Y) | -40.3% | -31.8% |
| Market cap | $13.3B | $3.0B |
| P/E (trailing) | 17.1 | 20.1 |
| Dividend yield | 2.91% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HAS | HAYW |
|---|---|---|
| 2022 | -37.9% | -64.2% |
| 2023 | -11.9% | +44.7% |
| 2024 | +14.8% | +12.4% |
| 2025 | +52.5% | +1.0% |
| 2026 | +17.5% | -7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and HAYW good diversifiers for each other?
Reasonably. At 0.48, HAS and HAYW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HAS and HAYW?
As of 2026-08-27, the correlation of weekly returns between HAS and HAYW is 0.48 over 3 years, 0.29 over 1 year and 0.49 over 5 years.
Is HAYW a good diversifier for HAS?
Reasonably. At 0.48, HAS and HAYW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/has-vs-hayw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/has-vs-hayw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAS correlations · HAYW correlations
