HWKN vs URI: Correlation
Measured on weekly returns over the past three years, Hawkins, Inc. (HWKN) and United Rentals (URI) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWKN and URI?
Over the past 3 years, HWKN and URI moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 678.5 %².
Among the 10 assets we track against HWKN, URI ranks #5 by 3-year correlation. The last year tells two different stories: URI led by 41.7 percentage points, -31.5% for HWKN against +10.2% for URI.
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 URI: side by side
| HWKN (Hawkins, Inc.) | URI (United Rentals) | |
|---|---|---|
| 1-year return | -31.5% | +10.2% |
| 5-year return | +226.8% | +204.1% |
| Volatility (ann.) | 38.4% | 39.5% |
| Beta vs S&P 500 | 0.65 | 1.42 |
| Max drawdown (3Y) | -35.9% | -37.0% |
| Market cap | $2.5B | $64.6B |
| P/E (trailing) | 30.8 | 25.4 |
| Dividend yield | 0.64% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HWKN | URI |
|---|---|---|
| 2022 | -0.8% | +7.0% |
| 2023 | +84.7% | +63.6% |
| 2024 | +75.5% | +24.0% |
| 2025 | +16.5% | +15.9% |
| 2026 | -16.8% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWKN and URI good diversifiers for each other?
Reasonably. At 0.45, HWKN and URI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HWKN and URI?
The HWKN/URI correlation stands at 0.45 on a 3-year window (1 year: 0.49, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is URI a good diversifier for HWKN?
Reasonably. At 0.45, HWKN and URI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/hwkn-vs-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hwkn-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HWKN correlations · URI correlations
