HNI vs. MLKN
HNI (HNI Corporation) and MLKN (MillerKnoll, Inc.) are both stocks. HNI operates in Business Equipment & Supplies (Industrials), while MLKN operates in Furnishings, Fixtures & Appliances (Consumer Cyclical). Over the past 10 years, HNI returned 1.52%/yr vs -2.73%/yr for MLKN. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
HNI vs. MLKN - Performance Comparison
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Returns By Period
In the year-to-date period, HNI achieves a -9.53% return, which is significantly lower than MLKN's -3.74% return. Over the past 10 years, HNI has outperformed MLKN with an annualized return of 1.52%, while MLKN has yielded a comparatively lower -2.73% annualized return.
HNI
- 1D
- 8.99%
- 1M
- 22.95%
- YTD
- -9.53%
- 6M
- -10.15%
- 1Y
- -19.64%
- 3Y*
- 14.30%
- 5Y*
- -0.26%
- 10Y*
- 1.52%
MLKN
- 1D
- 7.35%
- 1M
- 12.87%
- YTD
- -3.74%
- 6M
- -2.78%
- 1Y
- 1.38%
- 3Y*
- 9.99%
- 5Y*
- -15.92%
- 10Y*
- -2.73%
HNI vs. MLKN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNI HNI Corporation | -9.53% | -13.91% | 23.75% | 53.16% | -29.89% | 25.86% | -4.24% | 9.30% | -5.34% | -28.99% |
MLKN MillerKnoll, Inc. | -3.74% | -15.73% | -13.01% | 32.01% | -44.89% | 17.99% | -17.99% | 40.49% | -22.84% | 19.65% |
Correlation
The correlation between HNI and MLKN is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.52 |
The correlation between HNI and MLKN shifts across timeframes, from 0.52 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
HNI:
-$0.49
MLKN:
$1.27
HNI:
0.33
MLKN:
0.31
HNI:
$3.59B
MLKN:
$3.84B
HNI:
$1.43B
MLKN:
$1.49B
HNI:
$224.70M
MLKN:
$114.50M
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Return for Risk
HNI vs. MLKN — Risk / Return Rank
HNI
MLKN
HNI vs. MLKN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HNI Corporation (HNI) and MillerKnoll, Inc. (MLKN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HNI | MLKN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.06 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.04 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.88 | 0.06 | -0.95 |
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Drawdowns
HNI vs. MLKN - Drawdown Comparison
The maximum HNI drawdown since its inception was -86.09%, which is greater than MLKN's maximum drawdown of -79.45%. Use the drawdown chart below to compare losses from any high point for HNI and MLKN.
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Drawdown Indicators
| HNI | MLKN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.09% | -79.45% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -43.91% | -37.80% | -6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -47.12% | -53.31% | +6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -47.12% | -70.85% | +23.73% |
Max Drawdown (10Y)Largest decline over 10 years | -64.36% | -72.06% | +7.70% |
Current DrawdownCurrent decline from peak | -31.76% | -59.97% | +28.21% |
Average DrawdownAverage peak-to-trough decline | -24.90% | -28.05% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.26% | 21.39% | +0.87% |
Volatility
HNI vs. MLKN - Volatility Comparison
The current volatility for HNI Corporation (HNI) is 13.63%, while MillerKnoll, Inc. (MLKN) has a volatility of 15.05%. This indicates that HNI experiences smaller price fluctuations and is considered to be less risky than MLKN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNI | MLKN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.63% | 15.05% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 29.19% | 38.50% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.08% | 48.64% | -12.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.00% | 45.65% | -13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.53% | 44.73% | -7.20% |
Dividends
HNI vs. MLKN - Dividend Comparison
HNI's dividend yield for the trailing twelve months is around 3.67%, less than MLKN's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNI HNI Corporation | 3.67% | 3.21% | 2.60% | 3.06% | 4.47% | 2.94% | 3.54% | 3.23% | 3.30% | 2.93% | 1.95% | 2.90% |
MLKN MillerKnoll, Inc. | 4.35% | 4.10% | 3.32% | 2.81% | 3.57% | 1.91% | 1.18% | 1.96% | 2.50% | 1.75% | 1.86% | 2.00% |
Financials
HNI vs. MLKN - Financials Comparison
This section allows you to compare key financial metrics between HNI Corporation and MillerKnoll, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HNI vs. MLKN - Profitability Comparison
HNI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HNI Corporation reported a gross profit of 499.90M and revenue of 1.35B. Therefore, the gross margin over that period was 37.1%.
MLKN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MillerKnoll, Inc. reported a gross profit of 395.60M and revenue of 1.00B. Therefore, the gross margin over that period was 39.4%.
HNI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HNI Corporation reported an operating income of -36.40M and revenue of 1.35B, resulting in an operating margin of -2.7%.
MLKN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MillerKnoll, Inc. reported an operating income of 49.50M and revenue of 1.00B, resulting in an operating margin of 4.9%.
HNI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HNI Corporation reported a net income of -55.60M and revenue of 1.35B, resulting in a net margin of -4.1%.
MLKN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MillerKnoll, Inc. reported a net income of 20.20M and revenue of 1.00B, resulting in a net margin of 2.0%.
Frequently Asked Questions
HNI and MLKN have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLKN has higher volatility (15.05%) compared to HNI (13.63%). In terms of maximum drawdown, HNI dropped -86.09% vs MLKN's -79.45%.
MLKN currently has the higher Sharpe Ratio (0.03 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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