HD vs MAS: Correlation
How closely do Home Depot (The) (HD) and Masco (MAS) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and MAS?
Over the past 3 years, HD and MAS moved with a correlation of 0.73, which is strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.73 over 3. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 510.6 %².
Among the 54 assets we track against HD, MAS ranks #4 by 3-year correlation. The last year tells two different stories: MAS led by 16.9 percentage points, -17.4% for HD against -0.5% for MAS. The rolling one-year correlation stayed in a tight band between 0.68 and 0.80 over the past three years, which points to a structural rather than episodic relationship.
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.
HD vs MAS: side by side
| HD (Home Depot (The)) | MAS (Masco) | |
|---|---|---|
| 1-year return | -17.4% | -0.5% |
| 5-year return | +13.8% | +29.1% |
| Volatility (ann.) | 23.6% | 29.6% |
| Beta vs S&P 500 | 0.87 | 0.95 |
| Max drawdown (3Y) | -28.8% | -30.9% |
| Market cap | $327.9B | $14.4B |
| P/E (trailing) | 23.4 | 17.0 |
| Dividend yield | 1.38% | 1.71% |
| Sector / category | Consumer Discretionary | Industrials |
Year-by-year returns
| Year | HD | MAS |
|---|---|---|
| 2022 | -22.0% | -32.1% |
| 2023 | +12.8% | +46.6% |
| 2024 | +15.0% | +10.0% |
| 2025 | -9.3% | -10.9% |
| 2026 | -3.1% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and MAS good diversifiers for each other?
Only partially. A correlation of 0.73 means HD and MAS 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 HD and MAS?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.69 over the last year and 0.72 over 5 years.
Is MAS a good diversifier for HD?
Only partially. A correlation of 0.73 means HD and MAS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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/hd-vs-mas.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hd-vs-mas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HD correlations · MAS correlations
