HLMN vs WLDN: Correlation
Hillman Solutions Corp. (HLMN) and Willdan Group, Inc. (WLDN) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLMN and WLDN?
Across a 3-year window, the weekly returns of HLMN and WLDN correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.47 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 902.7 %².
Within HLMN's tracked universe of 19 assets, WLDN comes in at #11 by 3-year correlation. Their 12-month results are close: -21.3% for HLMN against -24.4% for WLDN.
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.
HLMN vs WLDN: side by side
| HLMN (Hillman Solutions Corp.) | WLDN (Willdan Group, Inc.) | |
|---|---|---|
| 1-year return | -21.3% | -24.4% |
| 5-year return | -33.4% | +134.3% |
| Volatility (ann.) | 36.7% | 52.6% |
| Beta vs S&P 500 | 1.01 | 0.98 |
| Max drawdown (3Y) | -42.3% | -50.4% |
| Market cap | $1.5B | $1.3B |
| P/E (trailing) | 39.2 | 20.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLMN | WLDN |
|---|---|---|
| 2022 | -32.9% | -49.3% |
| 2023 | +27.7% | +20.4% |
| 2024 | +5.8% | +77.2% |
| 2025 | -11.1% | +172.1% |
| 2026 | -9.4% | -15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLMN and WLDN good diversifiers for each other?
Reasonably. At 0.47, HLMN and WLDN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HLMN and WLDN?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.35 over the last year and 0.36 over 5 years.
Is WLDN a good diversifier for HLMN?
Reasonably. At 0.47, HLMN and WLDN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/hlmn-vs-wldn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlmn-vs-wldn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLMN correlations · WLDN correlations
