HAYW vs MHK: Correlation
How closely do Hayward Holdings, Inc. (HAYW) and Mohawk Industries, Inc. (MHK) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAYW and MHK?
Across a 3-year window, the weekly returns of HAYW and MHK correlate at 0.61, strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 757.3 %².
Few assets follow HAYW as closely as MHK, which ranks #2 of 14 tracked partners. On 12-month performance MHK holds a 10.6-point edge, -12.4% against -1.8%.
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.
HAYW vs MHK: side by side
| HAYW (Hayward Holdings, Inc.) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | -12.4% | -1.8% |
| 5-year return | -33.8% | -35.8% |
| Volatility (ann.) | 31.5% | 39.3% |
| Beta vs S&P 500 | 0.91 | 1.13 |
| Max drawdown (3Y) | -31.8% | -42.0% |
| Market cap | $3.0B | $8.8B |
| P/E (trailing) | 20.1 | 17.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAYW | MHK |
|---|---|---|
| 2022 | -64.2% | -43.9% |
| 2023 | +44.7% | +1.3% |
| 2024 | +12.4% | +15.1% |
| 2025 | +1.0% | -8.3% |
| 2026 | -7.8% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAYW and MHK good diversifiers for each other?
Only partially. A correlation of 0.61 means HAYW and MHK 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 HAYW and MHK?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.63 over the last year and 0.61 over 5 years.
Is MHK a good diversifier for HAYW?
Only partially. A correlation of 0.61 means HAYW and MHK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 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/hayw-vs-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hayw-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAYW correlations · MHK correlations
