HAS vs PHM: Correlation
How closely do Hasbro (HAS) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and PHM?
Across a 3-year window, the weekly returns of HAS and PHM correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 420.0 %².
Within HAS's tracked universe of 36 assets, PHM comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HAS outperformed by 21.7 percentage points (+19.2% for HAS against -2.5% for PHM). On a rolling one-year basis the correlation drifted between 0.24 and 0.59, a moderate band.
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 PHM: side by side
| HAS (Hasbro) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +19.2% | -2.5% |
| 5-year return | +17.1% | +145.5% |
| Volatility (ann.) | 31.7% | 32.2% |
| Beta vs S&P 500 | 0.86 | 0.82 |
| Max drawdown (3Y) | -40.3% | -38.0% |
| Market cap | $13.3B | – |
| P/E (trailing) | 17.1 | 13.3 |
| Dividend yield | 2.91% | 0.77% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HAS | PHM |
|---|---|---|
| 2022 | -37.9% | -19.2% |
| 2023 | -11.9% | +128.8% |
| 2024 | +14.8% | +6.2% |
| 2025 | +52.5% | +8.5% |
| 2026 | +17.5% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and PHM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HAS and PHM?
The HAS/PHM correlation stands at 0.41 on a 3-year window (1 year: 0.45, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is PHM a good diversifier for HAS?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HAS correlations · PHM correlations
