CNET vs HERZ: Correlation
ZW Data Action Technologies Inc. (CNET) and Herzfeld Credit Income Fund, Inc. - Closed End Fund (HERZ) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNET and HERZ?
Over the past 3 years, CNET and HERZ moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -789.2 %².
Among the 11 assets we track against CNET, HERZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with HERZ ahead by 26.0 points (-4.0% versus +22.0%). Risk is not evenly split, since CNET carries 3.0 times the volatility of the other side.
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.
CNET vs HERZ: side by side
| CNET (ZW Data Action Technologies Inc.) | HERZ (Herzfeld Credit Income Fund, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -4.0% | +22.0% |
| 5-year return | -94.9% | +1.5% |
| Volatility (ann.) | 104.7% | 35.4% |
| Beta vs S&P 500 | 1.46 | 0.10 |
| Max drawdown (3Y) | -85.2% | -41.6% |
| Market cap | – | – |
| P/E (trailing) | – | 80.0 |
| Dividend yield | 0.00% | 57.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNET | HERZ |
|---|---|---|
| 2022 | -54.0% | -20.4% |
| 2023 | -63.9% | -13.6% |
| 2024 | -45.8% | +2.9% |
| 2025 | -24.4% | +89.3% |
| 2026 | +6.6% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNET and HERZ good diversifiers for each other?
Yes. With a correlation of -0.21, CNET and HERZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNET and HERZ?
As of 2026-08-27, the correlation of weekly returns between CNET and HERZ is -0.21 over 3 years, -0.31 over 1 year and -0.10 over 5 years.
Is HERZ a good diversifier for CNET?
Yes. With a correlation of -0.21, CNET and HERZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/cnet-vs-herz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnet-vs-herz/)
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Related comparisons
Hubs: CNET correlations · HERZ correlations
