HERZ vs OLMA: Correlation
Measured on weekly returns over the past three years, Herzfeld Credit Income Fund, Inc. - Closed End Fund (HERZ) and Olema Pharmaceuticals, Inc. (OLMA) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HERZ and OLMA?
On 3 years of weekly data the HERZ/OLMA correlation comes out at 0.56, moderate. The past 12 months show a tighter link (0.73) than the 3-year average (0.56). The 5-year figure is 0.50, and annualized covariance runs at 2643.0 %².
Few assets follow HERZ as closely as OLMA, which ranks #2 of 19 tracked partners. The last year tells two different stories: OLMA led by 66.0 percentage points, +22.0% for HERZ against +88.0% for OLMA. One caveat on sizing: OLMA is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HERZ vs OLMA: side by side
| HERZ (Herzfeld Credit Income Fund, Inc. - Closed End Fund) | OLMA (Olema Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +22.0% | +88.0% |
| 5-year return | +1.5% | -64.1% |
| Volatility (ann.) | 35.4% | 133.2% |
| Beta vs S&P 500 | 0.10 | 1.18 |
| Max drawdown (3Y) | -41.6% | -82.1% |
| Market cap | – | $0.9B |
| P/E (trailing) | 80.0 | – |
| Dividend yield | 57.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HERZ | OLMA |
|---|---|---|
| 2022 | -20.4% | -73.8% |
| 2023 | -13.6% | +472.7% |
| 2024 | +2.9% | -58.4% |
| 2025 | +89.3% | +328.8% |
| 2026 | -24.3% | -56.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HERZ and OLMA good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HERZ and OLMA?
The HERZ/OLMA correlation stands at 0.56 on a 3-year window (1 year: 0.73, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is OLMA a good diversifier for HERZ?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/herz-vs-olma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/herz-vs-olma/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HERZ correlations · OLMA correlations
