EDTK vs HYFT: Correlation
Skillful Craftsman Education Technology Limited (EDTK) and MindWalk Holdings Corp. (HYFT) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDTK and HYFT?
On 3 years of weekly data the EDTK/HYFT correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.31 over 1 year against 0.27 over 3. The 5-year figure is 0.20, and annualized covariance runs at 1329.5 %².
HYFT is one of the assets that tracks EDTK most closely: it ranks #2 out of the 16 assets we track against EDTK. The last year tells two different stories: EDTK led by 28.2 percentage points, -18.2% for EDTK against -46.4% for HYFT. Note the risk asymmetry: HYFT runs 2.4 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.
EDTK vs HYFT: side by side
| EDTK (Skillful Craftsman Education Technology Limited) | HYFT (MindWalk Holdings Corp.) | |
|---|---|---|
| 1-year return | -18.2% | -46.4% |
| 5-year return | -41.9% | -80.2% |
| Volatility (ann.) | 45.4% | 110.1% |
| Beta vs S&P 500 | -0.09 | 1.42 |
| Max drawdown (3Y) | -35.4% | -86.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDTK | HYFT |
|---|---|---|
| 2022 | +52.4% | -2.8% |
| 2023 | -12.5% | -67.2% |
| 2024 | -19.8% | -75.9% |
| 2025 | -10.9% | +341.7% |
| 2026 | +0.0% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDTK and HYFT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDTK and HYFT?
The EDTK/HYFT correlation stands at 0.27 on a 3-year window (1 year: 0.31, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is HYFT a good diversifier for EDTK?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/edtk-vs-hyft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edtk-vs-hyft/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EDTK correlations · HYFT correlations
