HNI vs MLKN: Correlation
HNI Corporation (HNI) and MillerKnoll, Inc. (MLKN) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNI and MLKN?
Over the past 3 years, HNI and MLKN moved with a correlation of 0.59, which is moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.59). Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 915.8 %².
Among the 22 assets we track against HNI, MLKN ranks #6 by 3-year correlation. Neither side won the trailing year by much: +14.3% against +13.8%.
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 MLKN: side by side
| HNI (HNI Corporation) | MLKN (MillerKnoll, Inc.) | |
|---|---|---|
| 1-year return | +14.3% | +13.8% |
| 5-year return | +55.8% | -35.2% |
| Volatility (ann.) | 34.5% | 45.1% |
| Beta vs S&P 500 | 0.87 | 1.11 |
| Max drawdown (3Y) | -47.1% | -53.3% |
| Market cap | $3.6B | $1.6B |
| P/E (trailing) | – | 17.7 |
| Dividend yield | 2.74% | 3.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNI | MLKN |
|---|---|---|
| 2022 | -29.9% | -44.9% |
| 2023 | +53.2% | +32.0% |
| 2024 | +23.8% | -13.0% |
| 2025 | -13.9% | -15.7% |
| 2026 | +21.1% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNI and MLKN good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HNI and MLKN?
The HNI/MLKN correlation stands at 0.59 on a 3-year window (1 year: 0.71, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is MLKN a good diversifier for HNI?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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-mlkn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hni-vs-mlkn/)
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Related comparisons
Hubs: HNI correlations · MLKN correlations
