AUID vs ISD: Correlation
How closely do authID Inc. (AUID) and PGIM High Yield Bond Fund, Inc. (ISD) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUID and ISD?
On 3 years of weekly data the AUID/ISD correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 396.9 %².
Among the 11 assets we track against AUID, ISD ranks #5 by 3-year correlation. The last year tells two different stories: ISD led by 81.6 percentage points, -88.6% for AUID against -7.0% for ISD. Risk is not evenly split, since AUID carries 7.9 times the volatility of the other side.
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.
AUID vs ISD: side by side
| AUID (authID Inc.) | ISD (PGIM High Yield Bond Fund, Inc.) | |
|---|---|---|
| 1-year return | -88.6% | -7.0% |
| 5-year return | -99.3% | +21.1% |
| Volatility (ann.) | 100.2% | 12.7% |
| Beta vs S&P 500 | 1.34 | 0.50 |
| Max drawdown (3Y) | -96.7% | -13.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 10.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUID | ISD |
|---|---|---|
| 2022 | -95.9% | -18.4% |
| 2023 | +104.2% | +15.1% |
| 2024 | -36.4% | +22.1% |
| 2025 | -85.5% | +15.6% |
| 2026 | -42.6% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUID and ISD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AUID and ISD?
As of 2026-08-27, the correlation of weekly returns between AUID and ISD is 0.31 over 3 years, 0.21 over 1 year and 0.23 over 5 years.
Is ISD a good diversifier for AUID?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/auid-vs-isd.json
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Related comparisons
Hubs: AUID correlations · ISD correlations
