CHRW vs DHF: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and BNY Mellon High Yield Strategies Fund (DHF) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and DHF?
Across a 3-year window, the weekly returns of CHRW and DHF correlate at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 148.1 %².
Within CHRW's tracked universe of 31 assets, DHF comes in at #13 by 3-year correlation. The last year tells two different stories: CHRW led by 20.5 percentage points, +19.9% for CHRW against -0.6% for DHF. One caveat on sizing: CHRW is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CHRW vs DHF: side by side
| CHRW (C.H. Robinson) | DHF (BNY Mellon High Yield Strategies Fund) | |
|---|---|---|
| 1-year return | +19.9% | -0.6% |
| 5-year return | +86.8% | +7.9% |
| Volatility (ann.) | 35.7% | 11.4% |
| Beta vs S&P 500 | 0.69 | 0.52 |
| Max drawdown (3Y) | -32.4% | -11.8% |
| Market cap | $17.7B | $0.2B |
| P/E (trailing) | 29.0 | 13.8 |
| Dividend yield | 1.65% | 8.90% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | DHF |
|---|---|---|
| 2022 | -13.1% | -22.5% |
| 2023 | -3.1% | +15.0% |
| 2024 | +22.9% | +21.4% |
| 2025 | +59.0% | +5.9% |
| 2026 | -5.3% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and DHF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRW and DHF?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.33 over the last year and 0.34 over 5 years.
Is DHF a good diversifier for CHRW?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrw-vs-dhf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chrw-vs-dhf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRW correlations · DHF correlations
