BBWI vs HERZ: Correlation
How closely do Bath & Body Works, Inc. (BBWI) and Herzfeld Credit Income Fund, Inc. - Closed End Fund (HERZ) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBWI and HERZ?
Across a 3-year window, the weekly returns of BBWI and HERZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.30 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -531.7 %².
Out of 14 assets tracked against BBWI, HERZ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months HERZ outperformed by 60.3 percentage points (-38.3% for BBWI against +22.0% for HERZ).
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.
BBWI vs HERZ: side by side
| BBWI (Bath & Body Works, Inc.) | HERZ (Herzfeld Credit Income Fund, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -38.3% | +22.0% |
| 5-year return | -69.3% | +1.5% |
| Volatility (ann.) | 50.5% | 35.4% |
| Beta vs S&P 500 | 1.37 | 0.10 |
| Max drawdown (3Y) | -70.0% | -41.6% |
| Market cap | $3.8B | – |
| P/E (trailing) | 5.0 | 80.0 |
| Dividend yield | 2.12% | 57.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBWI | HERZ |
|---|---|---|
| 2022 | -38.4% | -20.4% |
| 2023 | +4.7% | -13.6% |
| 2024 | -8.3% | +2.9% |
| 2025 | -46.5% | +89.3% |
| 2026 | -4.3% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBWI and HERZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBWI and HERZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.53 over the last year and -0.14 over 5 years.
Is HERZ a good diversifier for BBWI?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/bbwi-vs-herz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbwi-vs-herz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBWI correlations · HERZ correlations
