HNI vs UEIC: Correlation
How closely do HNI Corporation (HNI) and Universal Electronics Inc. (UEIC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNI and UEIC?
On 3 years of weekly data the HNI/UEIC correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.44 over 3. The 5-year figure is 0.34, and annualized covariance runs at 860.9 %².
By 3-year correlation, UEIC places #15 of the 22 assets tracked against HNI. Correlation aside, the last 12 months split them widely, with HNI ahead by 23.8 points (+14.3% versus -9.5%). One caveat on sizing: UEIC is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 UEIC: side by side
| HNI (HNI Corporation) | UEIC (Universal Electronics Inc.) | |
|---|---|---|
| 1-year return | +14.3% | -9.5% |
| 5-year return | +55.8% | -91.0% |
| Volatility (ann.) | 34.5% | 56.2% |
| Beta vs S&P 500 | 0.87 | 0.79 |
| Max drawdown (3Y) | -47.1% | -79.8% |
| Market cap | $3.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 2.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNI | UEIC |
|---|---|---|
| 2022 | -29.9% | -48.9% |
| 2023 | +53.2% | -54.9% |
| 2024 | +23.8% | +17.1% |
| 2025 | -13.9% | -67.2% |
| 2026 | +21.1% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNI and UEIC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HNI and UEIC?
As of 2026-08-27, the correlation of weekly returns between HNI and UEIC is 0.44 over 3 years, 0.36 over 1 year and 0.34 over 5 years.
Is UEIC a good diversifier for HNI?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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-ueic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hni-vs-ueic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HNI correlations · UEIC correlations
