HELE vs SWK: Correlation
How closely do Helen of Troy Limited (HELE) and Stanley Black & Decker (SWK) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HELE and SWK?
Across a 3-year window, the weekly returns of HELE and SWK correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.49, with an annualized covariance of 915.2 %².
Few assets follow HELE as closely as SWK, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months SWK outperformed by 21.6 percentage points (+15.4% for HELE against +37.0% for SWK). Risk is not evenly split, since HELE carries 1.6 times the volatility of the other side.
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 SWK: side by side
| HELE (Helen of Troy Limited) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +15.4% | +37.0% |
| 5-year return | -87.9% | -39.1% |
| Volatility (ann.) | 57.0% | 35.4% |
| Beta vs S&P 500 | 1.05 | 1.19 |
| Max drawdown (3Y) | -89.0% | -48.3% |
| Market cap | $0.7B | $15.0B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HELE | SWK |
|---|---|---|
| 2022 | -54.6% | -58.9% |
| 2023 | +8.9% | +35.6% |
| 2024 | -50.5% | -15.2% |
| 2025 | -64.5% | -3.2% |
| 2026 | +36.1% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HELE and SWK good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HELE and SWK?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.59 over the last year and 0.49 over 5 years.
Is SWK a good diversifier for HELE?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hele-vs-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hele-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HELE correlations · SWK correlations
