SWK vs YHGJ: Correlation
How closely do Stanley Black & Decker (SWK) and Yunhong Green CTI Ltd. (YHGJ) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWK and YHGJ?
Over the past 3 years, SWK and YHGJ moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.24). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -771.9 %².
YHGJ is close to the least connected end of SWK's tracked universe, ranking #53 of 55. Correlation aside, the last 12 months split them widely, with SWK ahead by 81.9 points (+37.0% versus -44.9%). Note the risk asymmetry: YHGJ runs 2.6 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.
SWK vs YHGJ: side by side
| SWK (Stanley Black & Decker) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +37.0% | -44.9% |
| 5-year return | -39.1% | -85.6% |
| Volatility (ann.) | 35.4% | 90.5% |
| Beta vs S&P 500 | 1.19 | -0.69 |
| Max drawdown (3Y) | -48.3% | -91.7% |
| Market cap | $15.0B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 3.33% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | SWK | YHGJ |
|---|---|---|
| 2022 | -58.9% | -12.6% |
| 2023 | +35.6% | +105.8% |
| 2024 | -15.2% | -74.3% |
| 2025 | -3.2% | -34.0% |
| 2026 | +36.5% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWK and YHGJ good diversifiers for each other?
Yes. With a correlation of -0.24, SWK and YHGJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SWK and YHGJ?
The SWK/YHGJ correlation stands at -0.24 on a 3-year window (1 year: -0.37, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is YHGJ a good diversifier for SWK?
Yes. With a correlation of -0.24, SWK and YHGJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/swk-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swk-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SWK correlations · YHGJ correlations
