HBB vs SWK: Correlation
Measured on weekly returns over the past three years, Hamilton Beach Brands Holding Company (HBB) and Stanley Black & Decker (SWK) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBB and SWK?
Over the past 3 years, HBB and SWK moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.47). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 921.0 %².
In HBB's tracked universe of 11 assets, SWK sits right near the top at #3. Correlation aside, the last 12 months split them widely, with HBB ahead by 94.5 points (+131.5% versus +37.0%). Risk is not evenly split, since HBB carries 1.6 times the volatility of the other side.
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.
HBB vs SWK: side by side
| HBB (Hamilton Beach Brands Holding Company) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +131.5% | +37.0% |
| 5-year return | +119.7% | -39.1% |
| Volatility (ann.) | 55.5% | 35.4% |
| Beta vs S&P 500 | 0.87 | 1.19 |
| Max drawdown (3Y) | -57.7% | -48.3% |
| Market cap | $0.4B | $15.0B |
| P/E (trailing) | 7.6 | 24.4 |
| Dividend yield | 1.50% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HBB | SWK |
|---|---|---|
| 2022 | -10.9% | -58.9% |
| 2023 | +46.4% | +35.6% |
| 2024 | -1.6% | -15.2% |
| 2025 | +0.5% | -3.2% |
| 2026 | +99.3% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBB and SWK good diversifiers for each other?
Reasonably. At 0.47, HBB and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HBB and SWK?
As of 2026-08-27, the correlation of weekly returns between HBB and SWK is 0.47 over 3 years, 0.59 over 1 year and 0.41 over 5 years.
Is SWK a good diversifier for HBB?
Reasonably. At 0.47, HBB and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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
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Related comparisons
Hubs: HBB correlations · SWK correlations
