AWRE vs HPF: Correlation
Aware, Inc. (AWRE) and John Hancock Pfd Income Fund II Pfd Income Fund II (HPF) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWRE and HPF?
Over the past 3 years, AWRE and HPF moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 419.7 %².
HPF is one of the assets that tracks AWRE most closely: it ranks #1 out of the 11 assets we track against AWRE. Correlation aside, the last 12 months split them widely, with HPF ahead by 50.4 points (-44.8% versus +5.6%). Note the risk asymmetry: AWRE runs 4.5 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.
AWRE vs HPF: side by side
| AWRE (Aware, Inc.) | HPF (John Hancock Pfd Income Fund II Pfd Income Fund II) | |
|---|---|---|
| 1-year return | -44.8% | +5.6% |
| 5-year return | -69.6% | +6.9% |
| Volatility (ann.) | 65.6% | 14.7% |
| Beta vs S&P 500 | 1.56 | 0.53 |
| Max drawdown (3Y) | -62.9% | -16.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 12.0 |
| Dividend yield | 0.00% | 7.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWRE | HPF |
|---|---|---|
| 2022 | -45.7% | -18.4% |
| 2023 | -2.9% | +10.8% |
| 2024 | +17.5% | +14.5% |
| 2025 | -5.1% | +6.4% |
| 2026 | -33.5% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWRE and HPF good diversifiers for each other?
Reasonably. At 0.44, AWRE and HPF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AWRE and HPF?
The AWRE/HPF correlation stands at 0.44 on a 3-year window (1 year: 0.46, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is HPF a good diversifier for AWRE?
Reasonably. At 0.44, AWRE and HPF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/awre-vs-hpf/)
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Related comparisons
Hubs: AWRE correlations · HPF correlations
