CHSN vs PW: Correlation
How closely do Chanson International Holding - Class A (CHSN) and Power REIT (MD) (PW) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHSN and PW?
Across a 3-year window, the weekly returns of CHSN and PW correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.36). Stretching to 5 years gives n/a, with an annualized covariance of 14220.6 %².
Within CHSN's tracked universe of 18 assets, PW comes in at #6 by 3-year correlation. The last year tells two different stories: PW led by 46.6 percentage points, -99.4% for CHSN against -52.8% for PW. Note the risk asymmetry: CHSN runs 2.6 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.
CHSN vs PW: side by side
| CHSN (Chanson International Holding - Class A) | PW (Power REIT (MD)) | |
|---|---|---|
| 1-year return | -99.4% | -52.8% |
| 5-year return | n/a | -98.2% |
| Volatility (ann.) | 320.2% | 123.7% |
| Beta vs S&P 500 | 0.54 | 0.51 |
| Max drawdown (3Y) | -100.0% | -79.8% |
| Market cap | – | – |
| P/E (trailing) | 0.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHSN | PW |
|---|---|---|
| 2022 | – | -94.3% |
| 2023 | – | -83.5% |
| 2024 | +318.9% | +104.6% |
| 2025 | -99.5% | -33.8% |
| 2026 | -99.5% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHSN and PW good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHSN and PW?
The CHSN/PW correlation stands at 0.36 on a 3-year window (1 year: 0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PW a good diversifier for CHSN?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: CHSN correlations · PW correlations
