FUND vs HOG: Correlation
Sprott Focus Trust, Inc. - Closed End Fund (FUND) and Harley-Davidson, Inc. (HOG) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and HOG?
On 3 years of weekly data the FUND/HOG correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.59 over 3 years. The 5-year figure is 0.61, and annualized covariance runs at 360.7 %².
Within FUND's tracked universe of 32 assets, HOG comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FUND ahead by 40.5 points (+39.1% versus -1.4%). Note the risk asymmetry: HOG runs 1.9 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.
FUND vs HOG: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | HOG (Harley-Davidson, Inc.) | |
|---|---|---|
| 1-year return | +39.1% | -1.4% |
| 5-year return | +83.0% | -22.1% |
| Volatility (ann.) | 17.9% | 34.2% |
| Beta vs S&P 500 | 0.77 | 0.91 |
| Max drawdown (3Y) | -18.2% | -58.7% |
| Market cap | $0.3B | $2.9B |
| P/E (trailing) | 5.8 | 15.5 |
| Dividend yield | 5.36% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUND | HOG |
|---|---|---|
| 2022 | -1.2% | +12.1% |
| 2023 | +6.9% | -9.8% |
| 2024 | -1.0% | -16.6% |
| 2025 | +27.5% | -30.1% |
| 2026 | +26.8% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and HOG good diversifiers for each other?
Only partially. A correlation of 0.59 means FUND and HOG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FUND and HOG?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.41 over the last year and 0.61 over 5 years.
Is HOG a good diversifier for FUND?
Only partially. A correlation of 0.59 means FUND and HOG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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/fund-vs-hog.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fund-vs-hog/)
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Related comparisons
Hubs: FUND correlations · HOG correlations
