HVT vs MGPI: Correlation
Measured on weekly returns over the past three years, Haverty Furniture Companies, Inc. (HVT) and MGP Ingredients, Inc. (MGPI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HVT and MGPI?
Across a 3-year window, the weekly returns of HVT and MGPI correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 671.6 %².
Among the 17 assets we track against HVT, MGPI ranks #11 by 3-year correlation. The last year tells two different stories: HVT led by 70.5 percentage points, +26.5% for HVT against -44.0% for MGPI.
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 MGPI: side by side
| HVT (Haverty Furniture Companies, Inc.) | MGPI (MGP Ingredients, Inc.) | |
|---|---|---|
| 1-year return | +26.5% | -44.0% |
| 5-year return | +8.2% | -73.6% |
| Volatility (ann.) | 34.8% | 40.4% |
| Beta vs S&P 500 | 1.02 | 0.75 |
| Max drawdown (3Y) | -50.1% | -86.5% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 4.81% | 2.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HVT | MGPI |
|---|---|---|
| 2022 | +4.8% | +25.8% |
| 2023 | +27.2% | -7.0% |
| 2024 | -34.4% | -59.8% |
| 2025 | +11.2% | -37.3% |
| 2026 | +22.2% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and MGPI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HVT and MGPI?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.38 over the last year and 0.45 over 5 years.
Is MGPI a good diversifier for HVT?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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-mgpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hvt-vs-mgpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HVT correlations · MGPI correlations
