GLU vs HAS: Correlation
Gabelli Global Utility (GLU) and Hasbro (HAS) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLU and HAS?
Across a 3-year window, the weekly returns of GLU and HAS correlate at 0.50, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.50). Stretching to 5 years gives 0.44, with an annualized covariance of 267.4 %².
Within GLU's tracked universe of 12 assets, HAS comes in at #6 by 3-year correlation. Neither side won the trailing year by much: +15.5% against +19.2%. Note the risk asymmetry: HAS 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.
GLU vs HAS: side by side
| GLU (Gabelli Global Utility) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | +15.5% | +19.2% |
| 5-year return | +33.9% | +17.1% |
| Volatility (ann.) | 16.8% | 31.7% |
| Beta vs S&P 500 | 0.45 | 0.86 |
| Max drawdown (3Y) | -17.9% | -40.3% |
| Market cap | – | $13.3B |
| P/E (trailing) | 3.9 | 17.1 |
| Dividend yield | 6.22% | 2.91% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GLU | HAS |
|---|---|---|
| 2022 | -28.1% | -37.9% |
| 2023 | +2.1% | -11.9% |
| 2024 | +23.6% | +14.8% |
| 2025 | +37.9% | +52.5% |
| 2026 | +5.0% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLU and HAS good diversifiers for each other?
To a limited degree. At 0.50 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 GLU and HAS?
As of 2026-08-27, the correlation of weekly returns between GLU and HAS is 0.50 over 3 years, 0.39 over 1 year and 0.44 over 5 years.
Is HAS a good diversifier for GLU?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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/glu-vs-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glu-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLU correlations · HAS correlations
