HWH vs KVUE: Correlation
HWH International Inc. (HWH) and Kenvue (KVUE) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWH and KVUE?
Over the past 3 years, HWH and KVUE moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1287.8 %².
Out of 12 assets tracked against HWH, KVUE lands near the bottom at #11. The last year tells two different stories: HWH led by 44.1 percentage points, +41.1% for HWH against -3.0% for KVUE. Note the risk asymmetry: HWH runs 7.3 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.
HWH vs KVUE: side by side
| HWH (HWH International Inc.) | KVUE (Kenvue) | |
|---|---|---|
| 1-year return | +41.1% | -3.0% |
| 5-year return | -95.9% | n/a |
| Volatility (ann.) | 198.9% | 27.3% |
| Beta vs S&P 500 | 0.98 | 0.16 |
| Max drawdown (3Y) | -98.3% | -41.2% |
| Market cap | – | $36.9B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | HWH | KVUE |
|---|---|---|
| 2023 | +2.5% | – |
| 2024 | -93.7% | +3.1% |
| 2025 | -53.8% | -15.9% |
| 2026 | +33.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWH and KVUE good diversifiers for each other?
Yes. With a correlation of -0.24, HWH and KVUE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HWH and KVUE?
The HWH/KVUE correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KVUE a good diversifier for HWH?
Yes. With a correlation of -0.24, HWH and KVUE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/hwh-vs-kvue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hwh-vs-kvue/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HWH correlations · KVUE correlations
