HFWA vs IPAR: Correlation
How closely do Heritage Financial Corporation (HFWA) and Interparfums, Inc. (IPAR) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFWA and IPAR?
On 3 years of weekly data the HFWA/IPAR correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 529.5 %².
Among the 14 assets we track against HFWA, IPAR ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HFWA outperformed by 16.3 percentage points (+20.8% for HFWA against +4.5% for IPAR).
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.
HFWA vs IPAR: side by side
| HFWA (Heritage Financial Corporation) | IPAR (Interparfums, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | +4.5% |
| 5-year return | +38.4% | +80.2% |
| Volatility (ann.) | 30.5% | 32.0% |
| Beta vs S&P 500 | 0.66 | 0.75 |
| Max drawdown (3Y) | -22.4% | -46.4% |
| Market cap | $1.2B | $3.8B |
| P/E (trailing) | 13.7 | 22.4 |
| Dividend yield | 3.34% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFWA | IPAR |
|---|---|---|
| 2022 | +29.3% | -7.4% |
| 2023 | -26.9% | +52.0% |
| 2024 | +19.8% | -6.5% |
| 2025 | +0.6% | -33.6% |
| 2026 | +24.4% | +40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFWA and IPAR good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HFWA and IPAR?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.49 over the last year and 0.37 over 5 years.
Is IPAR a good diversifier for HFWA?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/hfwa-vs-ipar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hfwa-vs-ipar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HFWA correlations · IPAR correlations
