FHI vs WT: Correlation
Measured on weekly returns over the past three years, Federated Hermes, Inc. (FHI) and WisdomTree, Inc. (WT) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHI and WT?
Over the past 3 years, FHI and WT moved with a correlation of 0.51, which is moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.51). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 329.1 %².
Within FHI's tracked universe of 11 assets, WT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WT ahead by 63.6 points (+23.1% versus +86.7%). Note the risk asymmetry: WT runs 1.8 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.
FHI vs WT: side by side
| FHI (Federated Hermes, Inc.) | WT (WisdomTree, Inc.) | |
|---|---|---|
| 1-year return | +23.1% | +86.7% |
| 5-year return | +131.6% | +330.3% |
| Volatility (ann.) | 19.0% | 34.2% |
| Beta vs S&P 500 | 0.54 | 1.17 |
| Max drawdown (3Y) | -16.6% | -36.9% |
| Market cap | $4.8B | $3.8B |
| P/E (trailing) | 12.1 | 44.7 |
| Dividend yield | 2.15% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHI | WT |
|---|---|---|
| 2022 | -0.2% | -8.9% |
| 2023 | -3.8% | +29.6% |
| 2024 | +29.6% | +53.5% |
| 2025 | +30.5% | +17.4% |
| 2026 | +27.0% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHI and WT good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FHI and WT?
As of 2026-08-27, the correlation of weekly returns between FHI and WT is 0.51 over 3 years, 0.38 over 1 year and 0.47 over 5 years.
Is WT a good diversifier for FHI?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fhi-vs-wt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fhi-vs-wt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FHI correlations · WT correlations
