HNI vs RPM: Correlation
How closely do HNI Corporation (HNI) and RPM International Inc. (RPM) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNI and RPM?
Over the past 3 years, HNI and RPM moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 529.9 %².
Among the 22 assets we track against HNI, RPM ranks #4 by 3-year correlation. The last year tells two different stories: HNI led by 28.6 percentage points, +14.3% for HNI against -14.3% for RPM.
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 RPM: side by side
| HNI (HNI Corporation) | RPM (RPM International Inc.) | |
|---|---|---|
| 1-year return | +14.3% | -14.3% |
| 5-year return | +55.8% | +38.7% |
| Volatility (ann.) | 34.5% | 25.0% |
| Beta vs S&P 500 | 0.87 | 0.85 |
| Max drawdown (3Y) | -47.1% | -32.0% |
| Market cap | $3.6B | $13.5B |
| P/E (trailing) | – | 20.7 |
| Dividend yield | 2.74% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNI | RPM |
|---|---|---|
| 2022 | -29.9% | -1.7% |
| 2023 | +53.2% | +16.8% |
| 2024 | +23.8% | +12.1% |
| 2025 | -13.9% | -13.9% |
| 2026 | +21.1% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNI and RPM good diversifiers for each other?
To a limited degree. At 0.62 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 RPM?
As of 2026-08-27, the correlation of weekly returns between HNI and RPM is 0.62 over 3 years, 0.63 over 1 year and 0.57 over 5 years.
Is RPM a good diversifier for HNI?
To a limited degree. At 0.62 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 0.62 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-rpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hni-vs-rpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HNI correlations · RPM correlations
