HAFN vs VS: Correlation
Measured on weekly returns over the past three years, Hafnia Limited (HAFN) and Versus Systems Inc. (VS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFN and VS?
Over the past 3 years, HAFN and VS moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1179.1 %².
By 3-year correlation, VS places #16 of the 22 assets tracked against HAFN. Correlation aside, the last 12 months split them widely, with HAFN ahead by 84.7 points (+56.1% versus -28.6%). Risk is not evenly split, since VS carries 3.5 times the volatility of the other side.
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 VS: side by side
| HAFN (Hafnia Limited) | VS (Versus Systems Inc.) | |
|---|---|---|
| 1-year return | +56.1% | -28.6% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 38.6% | 136.9% |
| Beta vs S&P 500 | 0.70 | 1.57 |
| Max drawdown (3Y) | -50.2% | -84.8% |
| Market cap | $4.1B | – |
| P/E (trailing) | 8.6 | – |
| Dividend yield | 9.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAFN | VS |
|---|---|---|
| 2022 | – | -98.5% |
| 2023 | – | -61.0% |
| 2024 | – | -27.4% |
| 2025 | +5.4% | -44.7% |
| 2026 | +69.2% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFN and VS good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAFN and VS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.32 over the last year and n/a over 5 years.
Is VS a good diversifier for HAFN?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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-vs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hafn-vs-vs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAFN correlations · VS correlations
