HNI vs MHK: Correlation
How closely do HNI Corporation (HNI) and Mohawk Industries, Inc. (MHK) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNI and MHK?
On 3 years of weekly data the HNI/MHK correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 861.1 %².
MHK is one of the assets that tracks HNI most closely: it ranks #2 out of the 22 assets we track against HNI. Their recent paths diverged sharply: over the last 12 months HNI outperformed by 16.1 percentage points (+14.3% for HNI against -1.8% for MHK).
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.
HNI vs MHK: side by side
| HNI (HNI Corporation) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | +14.3% | -1.8% |
| 5-year return | +55.8% | -35.8% |
| Volatility (ann.) | 34.5% | 39.3% |
| Beta vs S&P 500 | 0.87 | 1.13 |
| Max drawdown (3Y) | -47.1% | -42.0% |
| Market cap | $3.6B | $8.8B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | 2.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNI | MHK |
|---|---|---|
| 2022 | -29.9% | -43.9% |
| 2023 | +53.2% | +1.3% |
| 2024 | +23.8% | +15.1% |
| 2025 | -13.9% | -8.3% |
| 2026 | +21.1% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNI and MHK good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HNI and MHK?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.68 over the last year and 0.58 over 5 years.
Is MHK a good diversifier for HNI?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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/hni-vs-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hni-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HNI correlations · MHK correlations
