HNI vs USFD: Correlation
HNI Corporation (HNI) and US Foods Holding Corp. (USFD) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNI and USFD?
Over the past 3 years, HNI and USFD moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 474.0 %².
Within HNI's tracked universe of 22 assets, USFD comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months USFD outperformed by 24.5 percentage points (+14.3% for HNI against +38.8% for USFD).
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 USFD: side by side
| HNI (HNI Corporation) | USFD (US Foods Holding Corp.) | |
|---|---|---|
| 1-year return | +14.3% | +38.8% |
| 5-year return | +55.8% | +223.0% |
| Volatility (ann.) | 34.5% | 27.4% |
| Beta vs S&P 500 | 0.87 | 0.64 |
| Max drawdown (3Y) | -47.1% | -21.1% |
| Market cap | $3.6B | $23.3B |
| P/E (trailing) | – | 33.4 |
| Dividend yield | 2.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNI | USFD |
|---|---|---|
| 2022 | -29.9% | -2.3% |
| 2023 | +53.2% | +33.5% |
| 2024 | +23.8% | +48.6% |
| 2025 | -13.9% | +11.7% |
| 2026 | +21.1% | +43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNI and USFD good diversifiers for each other?
To a limited degree. At 0.50 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 USFD?
The HNI/USFD correlation stands at 0.50 on a 3-year window (1 year: 0.52, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is USFD a good diversifier for HNI?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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-usfd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hni-vs-usfd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HNI correlations · USFD correlations
