HELE vs MAS: Correlation
Helen of Troy Limited (HELE) and Masco (MAS) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HELE and MAS?
On 3 years of weekly data the HELE/MAS correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.46 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 776.4 %².
MAS is one of the assets that tracks HELE most closely: it ranks #2 out of the 11 assets we track against HELE. Correlation aside, the last 12 months split them widely, with HELE ahead by 15.9 points (+15.4% versus -0.5%). One caveat on sizing: HELE is 1.9 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.
HELE vs MAS: side by side
| HELE (Helen of Troy Limited) | MAS (Masco) | |
|---|---|---|
| 1-year return | +15.4% | -0.5% |
| 5-year return | -87.9% | +29.1% |
| Volatility (ann.) | 57.0% | 29.6% |
| Beta vs S&P 500 | 1.05 | 0.95 |
| Max drawdown (3Y) | -89.0% | -30.9% |
| Market cap | $0.7B | $14.4B |
| P/E (trailing) | – | 17.0 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HELE | MAS |
|---|---|---|
| 2022 | -54.6% | -32.1% |
| 2023 | +8.9% | +46.6% |
| 2024 | -50.5% | +10.0% |
| 2025 | -64.5% | -10.9% |
| 2026 | +36.1% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HELE and MAS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HELE and MAS?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.61 over the last year and 0.48 over 5 years.
Is MAS a good diversifier for HELE?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: HELE correlations · MAS correlations
