HVT vs LEG: Correlation
Measured on weekly returns over the past three years, Haverty Furniture Companies, Inc. (HVT) and Leggett & Platt, Incorporated (LEG) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HVT and LEG?
On 3 years of weekly data the HVT/LEG correlation comes out at 0.56, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.56). The 5-year figure is 0.49, and annualized covariance runs at 916.5 %².
By 3-year correlation, LEG places #6 of the 17 assets tracked against HVT. On 12-month performance HVT holds a 13.8-point edge, +26.5% against +12.7%.
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.
HVT vs LEG: side by side
| HVT (Haverty Furniture Companies, Inc.) | LEG (Leggett & Platt, Incorporated) | |
|---|---|---|
| 1-year return | +26.5% | +12.7% |
| 5-year return | +8.2% | -72.6% |
| Volatility (ann.) | 34.8% | 48.5% |
| Beta vs S&P 500 | 1.02 | 1.29 |
| Max drawdown (3Y) | -50.1% | -76.8% |
| Market cap | $0.4B | $1.3B |
| P/E (trailing) | 19.7 | 5.9 |
| Dividend yield | 4.81% | 2.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HVT | LEG |
|---|---|---|
| 2022 | +4.8% | -17.8% |
| 2023 | +27.2% | -13.5% |
| 2024 | -34.4% | -61.9% |
| 2025 | +11.2% | +17.0% |
| 2026 | +22.2% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and LEG good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HVT and LEG?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.68 over the last year and 0.49 over 5 years.
Is LEG a good diversifier for HVT?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/hvt-vs-leg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hvt-vs-leg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HVT correlations · LEG correlations
