HRL vs NVR: Correlation
How closely do Hormel Foods (HRL) and NVR, Inc. (NVR) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and NVR?
Over the past 3 years, HRL and NVR moved with a correlation of 0.35, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.35 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 213.8 %².
Among the 35 assets we track against HRL, NVR ranks #14 by 3-year correlation. Neither side won the trailing year by much: -22.8% against -20.8%. On a rolling one-year basis the correlation drifted between 0.07 and 0.53, a moderate band.
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.
HRL vs NVR: side by side
| HRL (Hormel Foods) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -22.8% | -20.8% |
| 5-year return | -44.3% | +24.2% |
| Volatility (ann.) | 26.1% | 23.4% |
| Beta vs S&P 500 | 0.07 | 0.53 |
| Max drawdown (3Y) | -44.5% | -43.9% |
| Market cap | – | $17.0B |
| P/E (trailing) | 28.0 | 16.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | Consumer Discretionary |
Year-by-year returns
| Year | HRL | NVR |
|---|---|---|
| 2022 | -4.7% | -21.9% |
| 2023 | -27.5% | +51.8% |
| 2024 | +1.2% | +16.8% |
| 2025 | -21.3% | -10.8% |
| 2026 | -6.7% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and NVR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HRL and NVR?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.51 over the last year and 0.25 over 5 years.
Is NVR a good diversifier for HRL?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/hrl-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hrl-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRL correlations · NVR correlations
