HWKN vs OLN: Correlation
How closely do Hawkins, Inc. (HWKN) and Olin Corporation (OLN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWKN and OLN?
Across a 3-year window, the weekly returns of HWKN and OLN correlate at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.49 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 851.3 %².
OLN is one of the assets that tracks HWKN most closely: it ranks #1 out of the 10 assets we track against HWKN. The trailing year gives OLN the advantage: -31.5% versus -23.3%, a 8.2-point spread.
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.
HWKN vs OLN: side by side
| HWKN (Hawkins, Inc.) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | -31.5% | -23.3% |
| 5-year return | +226.8% | -62.2% |
| Volatility (ann.) | 38.4% | 45.4% |
| Beta vs S&P 500 | 0.65 | 1.04 |
| Max drawdown (3Y) | -35.9% | -69.3% |
| Market cap | $2.5B | – |
| P/E (trailing) | 30.8 | – |
| Dividend yield | 0.64% | 4.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HWKN | OLN |
|---|---|---|
| 2022 | -0.8% | -6.6% |
| 2023 | +84.7% | +3.5% |
| 2024 | +75.5% | -36.3% |
| 2025 | +16.5% | -36.2% |
| 2026 | -16.8% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWKN and OLN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HWKN and OLN?
The HWKN/OLN correlation stands at 0.49 on a 3-year window (1 year: 0.60, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is OLN a good diversifier for HWKN?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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
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Related comparisons
Hubs: HWKN correlations · OLN correlations
