CHT vs IPDN: Correlation
Chunghwa Telecom Co., Ltd. (CHT) and Professional Diversity Network, Inc. (IPDN) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHT and IPDN?
On 3 years of weekly data the CHT/IPDN correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -441.2 %².
IPDN is close to the least connected end of CHT's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months CHT outperformed by 95.1 percentage points (+1.6% for CHT against -93.5% for IPDN). Note the risk asymmetry: IPDN runs 16.2 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.
CHT vs IPDN: side by side
| CHT (Chunghwa Telecom Co., Ltd.) | IPDN (Professional Diversity Network, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -93.5% |
| 5-year return | +29.5% | -99.5% |
| Volatility (ann.) | 11.9% | 192.4% |
| Beta vs S&P 500 | 0.20 | 1.06 |
| Max drawdown (3Y) | -11.0% | -99.6% |
| Market cap | $33.3B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 12.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHT | IPDN |
|---|---|---|
| 2022 | -10.0% | +5.1% |
| 2023 | +11.1% | -1.5% |
| 2024 | +0.2% | -75.4% |
| 2025 | +14.9% | -77.2% |
| 2026 | +7.1% | -89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHT and IPDN good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHT and IPDN?
The CHT/IPDN correlation stands at -0.19 on a 3-year window (1 year: -0.16, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is IPDN a good diversifier for CHT?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/cht-vs-ipdn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cht-vs-ipdn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHT correlations · IPDN correlations
