HD vs MNDR: Correlation
How closely do Home Depot (The) (HD) and Mobile-health Network Solutions - Class A (MNDR) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and MNDR?
Across a 3-year window, the weekly returns of HD and MNDR correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -846.5 %².
Among the 54 assets we track against HD, MNDR ranks #47 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HD ahead by 77.5 points (-17.4% versus -94.9%). One caveat on sizing: MNDR is 6.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MNDR: side by side
| HD (Home Depot (The)) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | -17.4% | -94.9% |
| 5-year return | +13.8% | n/a |
| Volatility (ann.) | 23.6% | 161.8% |
| Beta vs S&P 500 | 0.87 | -0.61 |
| Max drawdown (3Y) | -28.8% | -100.0% |
| Market cap | $327.9B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HD | MNDR |
|---|---|---|
| 2022 | -22.0% | – |
| 2023 | +12.8% | – |
| 2024 | +15.0% | – |
| 2025 | -9.3% | -93.0% |
| 2026 | -3.1% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and MNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between HD and MNDR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.28 over the last year and n/a over 5 years.
Is MNDR a good diversifier for HD?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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
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Related comparisons
Hubs: HD correlations · MNDR correlations
