DHF vs POLA: Correlation
How closely do BNY Mellon High Yield Strategies Fund (DHF) and Polar Power, Inc. (POLA) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHF and POLA?
On 3 years of weekly data the DHF/POLA correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 327.6 %².
Within DHF's tracked universe of 15 assets, POLA comes in at #10 by 3-year correlation. The last year tells two different stories: DHF led by 29.8 percentage points, -0.6% for DHF against -30.4% for POLA. One caveat on sizing: POLA is 6.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DHF vs POLA: side by side
| DHF (BNY Mellon High Yield Strategies Fund) | POLA (Polar Power, Inc.) | |
|---|---|---|
| 1-year return | -0.6% | -30.4% |
| 5-year return | +7.9% | -97.1% |
| Volatility (ann.) | 11.4% | 77.1% |
| Beta vs S&P 500 | 0.52 | 1.65 |
| Max drawdown (3Y) | -11.8% | -87.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 8.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHF | POLA |
|---|---|---|
| 2022 | -22.5% | -64.0% |
| 2023 | +15.0% | -68.2% |
| 2024 | +21.4% | +11.5% |
| 2025 | +5.9% | -47.8% |
| 2026 | -0.2% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHF and POLA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DHF and POLA?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.31 over the last year and 0.29 over 5 years.
Is POLA a good diversifier for DHF?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/dhf-vs-pola.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhf-vs-pola/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DHF correlations · POLA correlations
