HNI vs PBH: Correlation
How closely do HNI Corporation (HNI) and Prestige Consumer Healthcare Inc. (PBH) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNI and PBH?
On 3 years of weekly data the HNI/PBH correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.51 over 3. The 5-year figure is 0.39, and annualized covariance runs at 454.7 %².
By 3-year correlation, PBH places #10 of the 22 assets tracked against HNI. The last year tells two different stories: HNI led by 37.8 percentage points, +14.3% for HNI against -23.5% for PBH.
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 PBH: side by side
| HNI (HNI Corporation) | PBH (Prestige Consumer Healthcare Inc.) | |
|---|---|---|
| 1-year return | +14.3% | -23.5% |
| 5-year return | +55.8% | -10.4% |
| Volatility (ann.) | 34.5% | 26.1% |
| Beta vs S&P 500 | 0.87 | 0.33 |
| Max drawdown (3Y) | -47.1% | -49.0% |
| Market cap | $3.6B | $2.4B |
| P/E (trailing) | – | 14.3 |
| Dividend yield | 2.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNI | PBH |
|---|---|---|
| 2022 | -29.9% | +3.2% |
| 2023 | +53.2% | -2.2% |
| 2024 | +23.8% | +27.6% |
| 2025 | -13.9% | -21.0% |
| 2026 | +21.1% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNI and PBH good diversifiers for each other?
Only partially. A correlation of 0.51 means HNI and PBH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HNI and PBH?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.60 over the last year and 0.39 over 5 years.
Is PBH a good diversifier for HNI?
Only partially. A correlation of 0.51 means HNI and PBH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hni-vs-pbh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hni-vs-pbh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HNI correlations · PBH correlations
