HD vs OLLI: Correlation
Home Depot (The) (HD) and Ollie's Bargain Outlet Holdings, Inc. (OLLI) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and OLLI?
Across a 3-year window, the weekly returns of HD and OLLI correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.34, with an annualized covariance of 332.9 %².
Among the 54 assets we track against HD, OLLI ranks #41 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HD outperformed by 27.8 percentage points (-17.4% for HD against -45.2% for OLLI).
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 OLLI: side by side
| HD (Home Depot (The)) | OLLI (Ollie's Bargain Outlet Holdings, Inc.) | |
|---|---|---|
| 1-year return | -17.4% | -45.2% |
| 5-year return | +13.8% | -6.7% |
| Volatility (ann.) | 23.6% | 35.2% |
| Beta vs S&P 500 | 0.87 | 0.75 |
| Max drawdown (3Y) | -28.8% | -56.1% |
| Market cap | $327.9B | $4.3B |
| P/E (trailing) | 23.4 | 18.4 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HD | OLLI |
|---|---|---|
| 2022 | -22.0% | -8.5% |
| 2023 | +12.8% | +62.0% |
| 2024 | +15.0% | +44.6% |
| 2025 | -9.3% | -0.1% |
| 2026 | -3.1% | -34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and OLLI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HD and OLLI?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.46 over the last year and 0.34 over 5 years.
Is OLLI a good diversifier for HD?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/hd-vs-olli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hd-vs-olli/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HD correlations · OLLI correlations
