HD vs SGI: Correlation
Home Depot (The) (HD) and Somnigroup International Inc. (SGI) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and SGI?
Over the past 3 years, HD and SGI moved with a correlation of 0.67, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 533.2 %².
By 3-year correlation, SGI places #17 of the 54 assets tracked against HD. Over the last 12 months HD came out ahead by 8.0 percentage points (-17.4% against -25.4%).
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 SGI: side by side
| HD (Home Depot (The)) | SGI (Somnigroup International Inc.) | |
|---|---|---|
| 1-year return | -17.4% | -25.4% |
| 5-year return | +13.8% | +44.9% |
| Volatility (ann.) | 23.6% | 33.8% |
| Beta vs S&P 500 | 0.87 | 1.02 |
| Max drawdown (3Y) | -28.8% | -37.1% |
| Market cap | $327.9B | $13.1B |
| P/E (trailing) | 23.4 | 24.8 |
| Dividend yield | 1.38% | 1.02% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HD | SGI |
|---|---|---|
| 2022 | -22.0% | -26.0% |
| 2023 | +12.8% | +50.1% |
| 2024 | +15.0% | +12.3% |
| 2025 | -9.3% | +58.8% |
| 2026 | -3.1% | -29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and SGI good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HD and SGI?
The HD/SGI correlation stands at 0.67 on a 3-year window (1 year: 0.62, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is SGI a good diversifier for HD?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HD correlations · SGI correlations
