GOOS vs IHD: Correlation
Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) and Voya Emerging Markets High Income Dividend Equity Fund (IHD) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOS and IHD?
Over the past 3 years, GOOS and IHD moved with a correlation of 0.41, which is moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.41). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 313.8 %².
Among the 12 assets we track against GOOS, IHD ranks #5 by 3-year correlation. The last year tells two different stories: IHD led by 84.9 percentage points, -42.7% for GOOS against +42.2% for IHD. Note the risk asymmetry: GOOS 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.
GOOS vs IHD: side by side
| GOOS (Canada Goose Holdings Inc. Subordinate Voting Shares) | IHD (Voya Emerging Markets High Income Dividend Equity Fund) | |
|---|---|---|
| 1-year return | -42.7% | +42.2% |
| 5-year return | -79.0% | +78.4% |
| Volatility (ann.) | 46.5% | 16.6% |
| Beta vs S&P 500 | 0.88 | 0.65 |
| Max drawdown (3Y) | -57.7% | -14.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 18.8 | 3.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOS | IHD |
|---|---|---|
| 2022 | -51.9% | -17.2% |
| 2023 | -33.5% | +13.9% |
| 2024 | -15.4% | +6.7% |
| 2025 | +29.1% | +40.3% |
| 2026 | -37.5% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOS and IHD good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOOS and IHD?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.58 over the last year and 0.46 over 5 years.
Is IHD a good diversifier for GOOS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/goos-vs-ihd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goos-vs-ihd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOOS correlations · IHD correlations
