CHT vs IDE: Correlation
How closely do Chunghwa Telecom Co., Ltd. (CHT) and Voya Infrastructure, Industrials and Materials Fund (IDE) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHT and IDE?
Across a 3-year window, the weekly returns of CHT and IDE correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 76.3 %².
In CHT's tracked universe of 11 assets, IDE sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months IDE outperformed by 15.4 percentage points (+1.6% for CHT against +17.0% for IDE).
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.
CHT vs IDE: side by side
| CHT (Chunghwa Telecom Co., Ltd.) | IDE (Voya Infrastructure, Industrials and Materials Fund) | |
|---|---|---|
| 1-year return | +1.6% | +17.0% |
| 5-year return | +29.5% | +66.9% |
| Volatility (ann.) | 11.9% | 16.3% |
| Beta vs S&P 500 | 0.20 | 0.73 |
| Max drawdown (3Y) | -11.0% | -18.3% |
| Market cap | $33.3B | $0.2B |
| P/E (trailing) | 26.9 | 3.2 |
| Dividend yield | 12.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHT | IDE |
|---|---|---|
| 2022 | -10.0% | -16.5% |
| 2023 | +11.1% | +22.0% |
| 2024 | +0.2% | +10.9% |
| 2025 | +14.9% | +34.6% |
| 2026 | +7.1% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHT and IDE good diversifiers for each other?
Reasonably. At 0.39, CHT and IDE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHT and IDE?
As of 2026-08-27, the correlation of weekly returns between CHT and IDE is 0.39 over 3 years, 0.36 over 1 year and 0.40 over 5 years.
Is IDE a good diversifier for CHT?
Reasonably. At 0.39, CHT and IDE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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
$ curl https://www.pairbook.io/api/v1/pairs/cht-vs-ide.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cht-vs-ide/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHT correlations · IDE correlations
