HON vs STI: Correlation
Honeywell Technologies (HON) and Solidion Technology, Inc. (STI) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HON and STI?
Over the past 3 years, HON and STI moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.22 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -2345.5 %².
Out of 32 assets tracked against HON, STI lands near the bottom at #29. Their recent paths diverged sharply: over the last 12 months STI outperformed by 142.7 percentage points (+2.7% for HON against +145.4% for STI). Note the risk asymmetry: STI runs 19.8 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.
HON vs STI: side by side
| HON (Honeywell Technologies) | STI (Solidion Technology, Inc.) | |
|---|---|---|
| 1-year return | +2.7% | +145.4% |
| 5-year return | +6.6% | -98.5% |
| Volatility (ann.) | 23.2% | 458.4% |
| Beta vs S&P 500 | 0.74 | -1.02 |
| Max drawdown (3Y) | -22.1% | -99.5% |
| Market cap | $69.9B | $0.1B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 4.26% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HON | STI |
|---|---|---|
| 2022 | +4.9% | – |
| 2023 | +0.0% | -24.1% |
| 2024 | +10.0% | -90.9% |
| 2025 | -6.4% | -79.7% |
| 2026 | +9.2% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HON and STI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HON and STI?
The HON/STI correlation stands at -0.22 on a 3-year window (1 year: -0.35, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is STI a good diversifier for HON?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/hon-vs-sti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hon-vs-sti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HON correlations · STI correlations
