HRL vs WY: Correlation
How closely do Hormel Foods (HRL) and Weyerhaeuser (WY) 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 WY?
Across a 3-year window, the weekly returns of HRL and WY correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 228.1 %².
Among the 35 assets we track against HRL, WY ranks #15 by 3-year correlation. The last year tells two different stories: WY led by 16.7 percentage points, -22.8% for HRL against -6.1% for WY. The link looks structural: the rolling one-year correlation barely moved, holding between 0.21 and 0.44.
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 WY: side by side
| HRL (Hormel Foods) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -22.8% | -6.1% |
| 5-year return | -44.3% | -19.5% |
| Volatility (ann.) | 26.1% | 24.8% |
| Beta vs S&P 500 | 0.07 | 0.64 |
| Max drawdown (3Y) | -44.5% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | 28.0 | 36.5 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | Consumer Staples | Real Estate |
Year-by-year returns
| Year | HRL | WY |
|---|---|---|
| 2022 | -4.7% | -20.4% |
| 2023 | -27.5% | +18.0% |
| 2024 | +1.2% | -16.6% |
| 2025 | -21.3% | -13.0% |
| 2026 | -6.7% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and WY good diversifiers for each other?
Reasonably. At 0.35, HRL and WY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HRL and WY?
The HRL/WY correlation stands at 0.35 on a 3-year window (1 year: 0.42, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for HRL?
Reasonably. At 0.35, HRL and WY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/hrl-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hrl-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRL correlations · WY correlations
