DHY vs LSAK: Correlation
Credit Suisse High Yield Credit Fund (DHY) and Lesaka Technologies, Inc. (LSAK) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHY and LSAK?
Over the past 3 years, DHY and LSAK moved with a correlation of 0.24, which is weak. The past 12 months show a weaker link (0.08) than the 3-year average (0.24). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 80.8 %².
Out of 13 assets tracked against DHY, LSAK lands near the bottom at #10. Over the last 12 months LSAK came out ahead by 5.7 percentage points (-9.5% against -3.8%). Note the risk asymmetry: LSAK runs 2.8 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.
DHY vs LSAK: side by side
| DHY (Credit Suisse High Yield Credit Fund) | LSAK (Lesaka Technologies, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | -3.8% |
| 5-year return | +9.4% | +6.3% |
| Volatility (ann.) | 10.9% | 31.0% |
| Beta vs S&P 500 | 0.36 | 0.20 |
| Max drawdown (3Y) | -12.9% | -33.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 10.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHY | LSAK |
|---|---|---|
| 2022 | -21.5% | -14.5% |
| 2023 | +23.5% | -28.8% |
| 2024 | +18.5% | +68.2% |
| 2025 | +2.5% | -12.5% |
| 2026 | -8.3% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHY and LSAK good diversifiers for each other?
Reasonably. At 0.24, DHY and LSAK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DHY and LSAK?
As of 2026-08-27, the correlation of weekly returns between DHY and LSAK is 0.24 over 3 years, 0.08 over 1 year and 0.25 over 5 years.
Is LSAK a good diversifier for DHY?
Reasonably. At 0.24, DHY and LSAK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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/dhy-vs-lsak.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhy-vs-lsak/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHY correlations · LSAK correlations
