HNNA vs INTJ: Correlation
Measured on weekly returns over the past three years, Hennessy Advisors, Inc. (HNNA) and Intelligent Group Limited - Class A (INTJ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNNA and INTJ?
Over the past 3 years, HNNA and INTJ moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.00) than the 3-year average (0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 917.1 %².
By 3-year correlation, INTJ places #5 of the 12 assets tracked against HNNA. The last year tells two different stories: HNNA led by 60.9 percentage points, -7.4% for HNNA against -68.3% for INTJ. One caveat on sizing: INTJ is 3.3 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.
HNNA vs INTJ: side by side
| HNNA (Hennessy Advisors, Inc.) | INTJ (Intelligent Group Limited - Class A) | |
|---|---|---|
| 1-year return | -7.4% | -68.3% |
| 5-year return | +35.8% | n/a |
| Volatility (ann.) | 28.4% | 93.5% |
| Beta vs S&P 500 | 0.37 | 1.29 |
| Max drawdown (3Y) | -34.0% | -96.2% |
| 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 | INTJ |
|---|---|---|
| 2022 | -16.8% | – |
| 2023 | -13.8% | – |
| 2024 | +103.3% | – |
| 2025 | -20.8% | -49.6% |
| 2026 | +8.9% | -71.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNNA and INTJ good diversifiers for each other?
Reasonably. At 0.33, HNNA and INTJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HNNA and INTJ?
As of 2026-08-27, the correlation of weekly returns between HNNA and INTJ is 0.33 over 3 years, 0.00 over 1 year and n/a over 5 years.
Is INTJ a good diversifier for HNNA?
Reasonably. At 0.33, HNNA and INTJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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
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Related comparisons
Hubs: HNNA correlations · INTJ correlations
