CRWS vs WAFU: Correlation
How closely do Crown Crafts, Inc. (CRWS) and Wah Fu Education Group Limited (WAFU) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWS and WAFU?
Over the past 3 years, CRWS and WAFU moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 347.2 %².
Within CRWS's tracked universe of 13 assets, WAFU comes in at #6 by 3-year correlation. The trailing year gives CRWS the advantage: +5.3% versus -2.9%, a 8.2-point spread. Risk is not evenly split, since WAFU carries 1.7 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.
CRWS vs WAFU: side by side
| CRWS (Crown Crafts, Inc.) | WAFU (Wah Fu Education Group Limited) | |
|---|---|---|
| 1-year return | +5.3% | -2.9% |
| 5-year return | -41.3% | -79.7% |
| Volatility (ann.) | 24.2% | 42.3% |
| Beta vs S&P 500 | 0.48 | 0.61 |
| Max drawdown (3Y) | -48.8% | -55.1% |
| Market cap | – | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 10.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRWS | WAFU |
|---|---|---|
| 2022 | -22.7% | -43.4% |
| 2023 | -1.2% | -4.2% |
| 2024 | -3.4% | -22.4% |
| 2025 | -31.7% | -7.1% |
| 2026 | +10.8% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWS and WAFU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRWS and WAFU?
The CRWS/WAFU correlation stands at 0.34 on a 3-year window (1 year: 0.28, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is WAFU a good diversifier for CRWS?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/crws-vs-wafu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crws-vs-wafu/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRWS correlations · WAFU correlations
