HAYW vs PNR: Correlation
Measured on weekly returns over the past three years, Hayward Holdings, Inc. (HAYW) and Pentair (PNR) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAYW and PNR?
Over the past 3 years, HAYW and PNR moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 522.1 %².
By 3-year correlation, PNR places #6 of the 14 assets tracked against HAYW. Correlation aside, the last 12 months split them widely, with HAYW ahead by 30.1 points (-12.4% versus -42.5%).
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 PNR: side by side
| HAYW (Hayward Holdings, Inc.) | PNR (Pentair) | |
|---|---|---|
| 1-year return | -12.4% | -42.5% |
| 5-year return | -33.8% | -14.1% |
| Volatility (ann.) | 31.5% | 28.2% |
| Beta vs S&P 500 | 0.91 | 1.07 |
| Max drawdown (3Y) | -31.8% | -45.0% |
| Market cap | $3.0B | $9.9B |
| P/E (trailing) | 20.1 | 16.2 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HAYW | PNR |
|---|---|---|
| 2022 | -64.2% | -37.4% |
| 2023 | +44.7% | +64.2% |
| 2024 | +12.4% | +40.0% |
| 2025 | +1.0% | +4.5% |
| 2026 | -7.8% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAYW and PNR good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HAYW and PNR?
As of 2026-08-27, the correlation of weekly returns between HAYW and PNR is 0.59 over 3 years, 0.52 over 1 year and 0.64 over 5 years.
Is PNR a good diversifier for HAYW?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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/hayw-vs-pnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hayw-vs-pnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAYW correlations · PNR correlations
