HAFN vs IMPP: Correlation
Measured on weekly returns over the past three years, Hafnia Limited (HAFN) and Imperial Petroleum Inc. (IMPP) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFN and IMPP?
Across a 3-year window, the weekly returns of HAFN and IMPP correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.47 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 856.2 %².
Within HAFN's tracked universe of 22 assets, IMPP comes in at #11 by 3-year correlation. Their 12-month results are close: +56.1% for HAFN against +53.3% for IMPP.
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.
HAFN vs IMPP: side by side
| HAFN (Hafnia Limited) | IMPP (Imperial Petroleum Inc.) | |
|---|---|---|
| 1-year return | +56.1% | +53.3% |
| 5-year return | n/a | -95.5% |
| Volatility (ann.) | 38.6% | 51.6% |
| Beta vs S&P 500 | 0.70 | 0.12 |
| Max drawdown (3Y) | -50.2% | -49.8% |
| Market cap | $4.1B | $0.2B |
| P/E (trailing) | 8.6 | 3.1 |
| Dividend yield | 9.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAFN | IMPP |
|---|---|---|
| 2022 | – | -88.7% |
| 2023 | – | -27.0% |
| 2024 | – | +14.0% |
| 2025 | +5.4% | +20.3% |
| 2026 | +69.2% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFN and IMPP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HAFN and IMPP?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.48 over the last year and n/a over 5 years.
Is IMPP a good diversifier for HAFN?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/hafn-vs-impp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hafn-vs-impp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAFN correlations · IMPP correlations
