HNNA vs HTCO: Correlation
How closely do Hennessy Advisors, Inc. (HNNA) and High-Trend International Group - Class A (HTCO) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNNA and HTCO?
Over the past 3 years, HNNA and HTCO moved with a correlation of 0.27, which is weak. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.27). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1085.9 %².
By 3-year correlation, HTCO places #7 of the 12 assets tracked against HNNA. Correlation aside, the last 12 months split them widely, with HNNA ahead by 70.4 points (-7.4% versus -77.8%). Risk is not evenly split, since HTCO carries 5.1 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.
HNNA vs HTCO: side by side
| HNNA (Hennessy Advisors, Inc.) | HTCO (High-Trend International Group - Class A) | |
|---|---|---|
| 1-year return | -7.4% | -77.8% |
| 5-year return | +35.8% | -98.9% |
| Volatility (ann.) | 28.4% | 143.5% |
| Beta vs S&P 500 | 0.37 | -0.60 |
| Max drawdown (3Y) | -34.0% | -97.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 5.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNNA | HTCO |
|---|---|---|
| 2022 | -16.8% | -87.1% |
| 2023 | -13.8% | -63.0% |
| 2024 | +103.3% | +608.5% |
| 2025 | -20.8% | -89.9% |
| 2026 | +8.9% | -69.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNNA and HTCO good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HNNA and HTCO?
The HNNA/HTCO correlation stands at 0.27 on a 3-year window (1 year: -0.01, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is HTCO a good diversifier for HNNA?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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/hnna-vs-htco.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hnna-vs-htco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HNNA correlations · HTCO correlations
