DHF vs SWAG: Correlation
Measured on weekly returns over the past three years, BNY Mellon High Yield Strategies Fund (DHF) and Stran & Company, Inc. (SWAG) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHF and SWAG?
Over the past 3 years, DHF and SWAG moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 228.3 %².
SWAG is close to the least connected end of DHF's tracked universe, ranking #12 of 15. Over the last 12 months SWAG came out ahead by 6.2 percentage points (-0.6% against +5.6%). Risk is not evenly split, since SWAG carries 5.2 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.
DHF vs SWAG: side by side
| DHF (BNY Mellon High Yield Strategies Fund) | SWAG (Stran & Company, Inc.) | |
|---|---|---|
| 1-year return | -0.6% | +5.6% |
| 5-year return | +7.9% | -56.8% |
| Volatility (ann.) | 11.4% | 59.3% |
| Beta vs S&P 500 | 0.52 | 1.00 |
| Max drawdown (3Y) | -11.8% | -56.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 13.8 | 171.0 |
| Dividend yield | 8.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHF | SWAG |
|---|---|---|
| 2022 | -22.5% | -77.9% |
| 2023 | +15.0% | +10.4% |
| 2024 | +21.4% | -39.2% |
| 2025 | +5.9% | +84.4% |
| 2026 | -0.2% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHF and SWAG 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 DHF and SWAG?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.28 over the last year and 0.33 over 5 years.
Is SWAG a good diversifier for DHF?
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?
On the −1 to +1 scale, 0.34 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/dhf-vs-swag.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhf-vs-swag/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DHF correlations · SWAG correlations
