HON vs PBK: Correlation
How closely do Honeywell Technologies (HON) and PowerBank Corporation (PBK) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HON and PBK?
Over the past 3 years, HON and PBK moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -399.4 %².
Within HON's tracked universe of 32 assets, PBK comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HON ahead by 81.4 points (+2.7% versus -78.7%). One caveat on sizing: PBK is 4.1 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.
HON vs PBK: side by side
| HON (Honeywell Technologies) | PBK (PowerBank Corporation) | |
|---|---|---|
| 1-year return | +2.7% | -78.7% |
| 5-year return | +6.6% | n/a |
| Volatility (ann.) | 23.2% | 96.0% |
| Beta vs S&P 500 | 0.74 | 0.19 |
| Max drawdown (3Y) | -22.1% | -93.7% |
| Market cap | $69.9B | – |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 4.26% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HON | PBK |
|---|---|---|
| 2022 | +4.9% | – |
| 2023 | +0.0% | – |
| 2024 | +10.0% | – |
| 2025 | -6.4% | -11.7% |
| 2026 | +9.2% | -75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HON and PBK good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between HON and PBK?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.12 over the last year and n/a over 5 years.
Is PBK a good diversifier for HON?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/hon-vs-pbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hon-vs-pbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HON correlations · PBK correlations
