HAS vs NFJ: Correlation
Hasbro (HAS) and Virtus Dividend, Interest & Premium Strategy Fund (NFJ) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and NFJ?
Over the past 3 years, HAS and NFJ moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.49). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 216.0 %².
By 3-year correlation, NFJ places #11 of the 36 assets tracked against HAS. The trailing year gives NFJ the advantage: +19.2% versus +31.0%, a 11.8-point spread. Risk is not evenly split, since HAS carries 2.3 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.
HAS vs NFJ: side by side
| HAS (Hasbro) | NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | |
|---|---|---|
| 1-year return | +19.2% | +31.0% |
| 5-year return | +17.1% | +50.8% |
| Volatility (ann.) | 31.7% | 13.8% |
| Beta vs S&P 500 | 0.86 | 0.73 |
| Max drawdown (3Y) | -40.3% | -17.0% |
| Market cap | $13.3B | $1.5B |
| P/E (trailing) | 17.1 | 9.8 |
| Dividend yield | 2.91% | 7.83% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HAS | NFJ |
|---|---|---|
| 2022 | -37.9% | -23.9% |
| 2023 | -11.9% | +21.3% |
| 2024 | +14.8% | +10.0% |
| 2025 | +52.5% | +12.4% |
| 2026 | +17.5% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and NFJ good diversifiers for each other?
Reasonably. At 0.49, HAS and NFJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HAS and NFJ?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.32 over the last year and 0.48 over 5 years.
Is NFJ a good diversifier for HAS?
Reasonably. At 0.49, HAS and NFJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/has-vs-nfj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/has-vs-nfj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAS correlations · NFJ correlations
