Which stocks are most correlated with HON?

Based on one year of daily returns, the stocks most correlated with Honeywell International, Inc. (HON) are IYJ (0.60), XLI (0.60) and UXI (0.59). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with HON?

Over the past year, the stocks most inversely correlated with Honeywell International, Inc. (HON) are SIJ (-0.60), JETD (-0.59) and DXD (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Honeywell International, Inc. (HON) — Stock Correlations & Overview

Over the past year, HON has moved most closely with IYJ, XLI, UXI. Explore the stocks most correlated and inversely correlated with HON below, along with its price, financials, and company profile.

Stocks correlated with HON

Correlation of daily returns. Higher positive values move with HON; negative values move opposite it. Informational only, not investment advice.

Most correlated with HON

Symbol	Company	Correlation
IYJ	iShares U.S. Industrials ETF	0.60
XLI	State Street Industrial Select Sector SPDR ETF	0.60
UXI	ProShares Ultra Industrials	0.59
GCAD	Gabelli Commercial Aerospace and Defense ETF	0.59
DUSL	Direxion Daily Industrials Bull 3X ETF	0.59

Most inversely correlated with HON

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.60
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.59
DXD	ProShares UltraShort Dow 30	-0.51
DOG	ProShares Short Dow30	-0.51
SDOW	ProShares UltraPro Short Dow 30	-0.51

Frequently asked questions about HON correlations

Which stocks are most correlated with HON?: Based on one year of daily returns, the stocks most correlated with Honeywell International, Inc. (HON) are IYJ (0.60), XLI (0.60) and UXI (0.59). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with HON?: Over the past year, the stocks most inversely correlated with Honeywell International, Inc. (HON) are SIJ (-0.60), JETD (-0.59) and DXD (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these HON correlations calculated?: We compute the correlation of daily returns between HON and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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