HD vs ORLY: Correlation
How closely do Home Depot (The) (HD) and O'Reilly Automotive (ORLY) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and ORLY?
Over the past 3 years, HD and ORLY moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 186.8 %².
Among the 54 assets we track against HD, ORLY ranks #42 by 3-year correlation. Neither side won the trailing year by much: -17.4% against -15.6%. On a rolling one-year basis the correlation drifted between 0.20 and 0.53, a moderate band.
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 ORLY: side by side
| HD (Home Depot (The)) | ORLY (O'Reilly Automotive) | |
|---|---|---|
| 1-year return | -17.4% | -15.6% |
| 5-year return | +13.8% | +120.8% |
| Volatility (ann.) | 23.6% | 19.8% |
| Beta vs S&P 500 | 0.87 | 0.20 |
| Max drawdown (3Y) | -28.8% | -23.3% |
| Market cap | $327.9B | $71.1B |
| P/E (trailing) | 23.4 | 28.4 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HD | ORLY |
|---|---|---|
| 2022 | -22.0% | +19.5% |
| 2023 | +12.8% | +12.6% |
| 2024 | +15.0% | +24.8% |
| 2025 | -9.3% | +15.4% |
| 2026 | -3.1% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and ORLY good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HD and ORLY?
As of 2026-08-27, the correlation of weekly returns between HD and ORLY is 0.40 over 3 years, 0.42 over 1 year and 0.43 over 5 years.
Is ORLY a good diversifier for HD?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-orly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hd-vs-orly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HD correlations · ORLY correlations
