HNST vs XYZ: Correlation
Measured on weekly returns over the past three years, The Honest Company, Inc. (HNST) and Block, Inc. (XYZ) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNST and XYZ?
On 3 years of weekly data the HNST/XYZ correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 1787.0 %².
By 3-year correlation, XYZ places #4 of the 11 assets tracked against HNST. Their recent paths diverged sharply: over the last 12 months HNST outperformed by 37.8 percentage points (+44.7% for HNST against +6.9% for XYZ). Note the risk asymmetry: HNST runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HNST vs XYZ: side by side
| HNST (The Honest Company, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +44.7% | +6.9% |
| 5-year return | -42.6% | -68.8% |
| Volatility (ann.) | 79.5% | 50.2% |
| Beta vs S&P 500 | 1.81 | 1.80 |
| Max drawdown (3Y) | -75.5% | -53.0% |
| Market cap | $0.6B | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HNST | XYZ |
|---|---|---|
| 2022 | -62.8% | -61.1% |
| 2023 | +9.6% | +23.1% |
| 2024 | +110.0% | +9.9% |
| 2025 | -62.8% | -23.4% |
| 2026 | +123.3% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNST and XYZ good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HNST and XYZ?
The HNST/XYZ correlation stands at 0.45 on a 3-year window (1 year: 0.40, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is XYZ a good diversifier for HNST?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hnst-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hnst-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HNST correlations · XYZ correlations
