HAYW vs SITE: Correlation
Hayward Holdings, Inc. (HAYW) and SiteOne Landscape Supply, Inc. (SITE) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAYW and SITE?
On 3 years of weekly data the HAYW/SITE correlation comes out at 0.60, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 708.1 %².
Among the 14 assets we track against HAYW, SITE ranks #4 by 3-year correlation. The last year tells two different stories: HAYW led by 21.8 percentage points, -12.4% for HAYW against -34.2% for SITE.
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 SITE: side by side
| HAYW (Hayward Holdings, Inc.) | SITE (SiteOne Landscape Supply, Inc.) | |
|---|---|---|
| 1-year return | -12.4% | -34.2% |
| 5-year return | -33.8% | -52.8% |
| Volatility (ann.) | 31.5% | 37.2% |
| Beta vs S&P 500 | 0.91 | 1.06 |
| Max drawdown (3Y) | -31.8% | -49.5% |
| Market cap | $3.0B | $4.2B |
| P/E (trailing) | 20.1 | 26.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAYW | SITE |
|---|---|---|
| 2022 | -64.2% | -51.6% |
| 2023 | +44.7% | +38.5% |
| 2024 | +12.4% | -18.9% |
| 2025 | +1.0% | -5.5% |
| 2026 | -7.8% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAYW and SITE good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HAYW and SITE?
The HAYW/SITE correlation stands at 0.60 on a 3-year window (1 year: 0.61, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is SITE a good diversifier for HAYW?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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-site.json
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Related comparisons
Hubs: HAYW correlations · SITE correlations
